Employers: It’s November Again. Must You Pay 13th Cheques?
“The best investment you will ever make are your employees” (Peter Drucker) As the end of the year approaches, many employees are eagerly awaiting their 13th cheque or year-end bonus. However, not every employer is in a position to pay bonuses, and this can lead to disappointment, disputes, or even legal action if expectations aren’t managed properly. Read on to find out whether you’re legally required to pay a bonus, and how you can avoid potential conflict. What does the law say? There’s a common misconception that South African law obliges employers to pay annual bonuses. This is not true.…