Jaco Swart on CapeTalk AM: Are traditional bonuses becoming obsolete?

In this CapeTalk FM interview, Jaco Swart, National Manager of NEASA, explains how traditional pay structures in South Africa are changing. He argues that fixed salaries and guaranteed 13th cheques are becoming outdated, with a shift toward performance-based pay and more flexible work arrangements.

Swart discusses alternatives such as customisable benefits, profit-sharing, and incentive-based rewards, while emphasising that increased rewards should come with shared risk. He also highlights the need to improve productivity and move away from a culture focused on entitlement rather than output.

The interview provides insight into the future of remuneration, where flexibility, performance, and sustainability take priority, and where the 13th cheque may become optional rather than expected.

For more, visit www.neasa.co.za and #NEASA on all social media platforms.

#NEASA #FutureOfWork #PerformancePay #SouthAfricaBusiness #13thCheque