PODCAST | Do companies have to pay employee bonuses?

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In this edition of the Business Day Spotlight, host, Mudiwa Gavaza focuses on bonus pay — whether employers are compelled to hand over a 13th cheque to staff

With year end fast approaching and many organisations likely to pay their employees this week ahead of the festive season, we the ask whether bonuses should be expected?if the payment of a bonus is a guaranteed right — either in terms of the employment contract, an employer’s remuneration or bonus policy, or forms part of an industry-regulated agreement — and is not subject to the employer’s discretion or attached to any performance objectives, then such a bonus would ordinarily be payable.

However, aside from this, no South African legislation obliges employers to pay bonuses to their employees.

 

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No, the name, and the definition of the word, says it all.... It has to be earned, against a clearcut criteria, over and above what can normally be expected. Or, the normal salary can be divided in 13 parts with a double check in Dec.....

Yes

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