Changes to the Employment Equity Act require management to up its game.News24 Business front pageStinging penalties and a bar on doing business with the state are in store for companies that fail to meet the new requirements of the Employment Equity Act.
A welcome change is the repeal of the turnover table which until new required companies with fewer than 50 staff to report on and draft employment equity plans and reports. Employers will need to do gap analysis across the various management levels of their companies. Ideally, they should incorporate business forecasts that include a headcount in the workplace occupational levels. Employers need to plan what jobs will be available in five years and the racial mix in various positions. In so doing, they will create a clear road map for transformation.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
Audit this data and, where possible, ensure your organisation has a reputable payroll system to help meet the information requirements of the Act. Start now.Is your organisation intending to do business with state-owned entities? If so, the Act requires a Section 53 certificate of compliance with the Employment Equity Act. However, the Act does provide some relief. If an employer does not meet the targets, they may raise reasonable grounds to justify failure to comply.
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