Company benefits

Kerrits

Senior Member
Joined
Jan 27, 2014
Messages
762
Considering I don't drink, I'd rather take that R500 extra, thanks.

Thats what most people would choose, yes. Most won't drink that much. That extra R500 pm in your bank account would soon be forgotten, but for those that make use of it, the beer etc does add to their overall happiness and feeling of working for a cool, fun company that cares for you.
 

Sepeng

Expert Member
Joined
Dec 12, 2011
Messages
2,733
Between me and the wife's companies:
30 days leave
Option of 6 months maternity leave, 4 of them paid
Repo rate + 1 for certain loans
Couple houses around the country you can use for a week or two a year
Share schemes
Depending on how you look at it might not be a benefit but, weekend away somewhere without the spouse
 

Gtx Gaming

Gtx Gaming
Joined
Aug 25, 2008
Messages
25,510
Network admin I get the following:

Petrol card for personal use including holidays.
7.5% contribution to pension. I add 7.5% to make it 15%.
Iphone with minutes and data, new one every 2 years.
Laptop with 3g, new one every 3 years. Can buy back your the laptop after 3 years.
Pizza's end of the month :p
 

Drifter

Honorary Master
Joined
Dec 19, 2012
Messages
22,825
Free coffee, from the machine. Tastes like dishwater, Oh and TP in the loo.
 

PsYTraNc3

Expert Member
Joined
Jan 4, 2012
Messages
3,565
Flexi hours
Fruit
Lunch
Pool board with 30min combined breaks to play
Medical aid 100%
Pension fund 50%
Free to use professional coffee machine.
Option to work from home when needed.
 

Jehosefat

Expert Member
Joined
May 8, 2012
Messages
1,766
Fresh fruit every day
Subsidised canteen
Free drinks on Fridays
Share options
Discounted banking rates
Tea, coffee and cooldrinks
Free biokineticists, psychologists, lawyers. etc if you need

I'm sure there are some other things that I can't think of right now.
 

Tomtomtom

Expert Member
Joined
May 6, 2010
Messages
1,490
I heard benefits are over rated anyway. Medical aid and Pension should be required by law, it shouldn't be a benefit.

Why? Requiring something by law doesn't make it free, or even necessarily cheaper. Often in fact, the opposite happens.

And yet you pay for it yourself anyway.

From the company's perspective, the cost to employ someone includes everything that's mandated by law. If you pile on stuff that employees must have, you raise the cost of employment. When you raise the cost of something, you get less of it. The last thing we need in SA is less employment.

The maximum cost-to-company a particular employee can justify is fixed at a given time; the company doesn't much care if he takes that in cash or entirely in beer. The more you take in benefits or beer, the less you get in cash.

Who wants less cash? Who wants less cash, by law?! Of course, if the company has a buying advantage then benefits can make sense, e.g. if the company can get a discount on insurance or beer. But it's still worth understanding the trade-off and having the option of cash.

TL;DR, yes benefits are over-rated. No they shouldn't be required by law.
 

Tomtomtom

Expert Member
Joined
May 6, 2010
Messages
1,490
Free biokineticists, psychologists, lawyers. etc if you need

Free lawyers? I don't think so. :D

What's happening is that you're all getting smaller cash salaries than you otherwise would. And unless everyone is visiting the psychologist, the ones who aren't doing so are paying for the ones who do. That's great if everyone's happy, but collectivist schemes are susceptible to the free-rider problem, which can lead to difficulties...
 

Jehosefat

Expert Member
Joined
May 8, 2012
Messages
1,766
Free lawyers? I don't think so. :D

What's happening is that you're all getting smaller cash salaries than you otherwise would. And unless everyone is visiting the psychologist, the ones who aren't doing so are paying for the ones who do. That's great if everyone's happy, but collectivist schemes are susceptible to the free-rider problem, which can lead to difficulties...

Just for legal advice. If you need to go to court you still have to pay.

And no, not really, the salaries are definitely comparable to other companies in the industry.
 
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