OUR GOVERNANCE

Remuneration Report

OUR GOVERNANCE

Remuneration Report

Remuneration is linked directly to successful execution of strategy and employees are rewarded for value delivered

The organisation’s remuneration philosophy is aligned to the SANBS iHEALTh Strategy (read more about SANBS’ strategic priorities)  in that it ensures that employees are able to work towards and promote the achievement of strategic objectives within the organisation’s affordability.

Remuneration process

  • Strategic
    Planning

  • Develop iHEALTh Organisational Scorecard

  • Set Measurable Goals
    (Define KPIs & KPAs for staff)

  • Bi-annual Performance Management Discussions

  • Reward and
    Remuneration

Remuneration is linked directly to successful execution of strategy and employees are rewarded for value delivered

The organisation’s remuneration philosophy is aligned to the SANBS iHEALTh Strategy (read more about SANBS’ strategic priorities)  in that it ensures that employees are able to work towards and promote the achievement of strategic objectives within the organisation’s affordability.

Remuneration process

  • Strategic Planning

  • Develop iHEALTh Organisational Scorecard

  • Set Measurable Goals (Define KPIs & KPAs for staff)

  • Bi-annual Performance Management Discussions

  • Reward and Remuneration

Our THREAD values lie at the heart of our philosophy

The remuneration approach is designed to support the behaviours, skills and superior/high performance required, to underpin and embed the desired ethical organisational culture of accountability, excellence and performance.

 

The SANBS Remuneration framework is designed to support the attraction, engagement and retention of our key talent that drives business strategy and execution, by motivating employees through:

Consultation & development

Consultation and development of employees through employee value proposition

Connecting Individual Goals

Connecting to individual goals and values

Collaboration and Engagement

Collaboration and engagement inspiring employees to perform

Recognition and Celebration

Recognising and celebrating employees’ milestones, such as long service

Our THREAD values lie at the heart of our philosophy

The remuneration approach is designed to support the behaviours, skills and superior/high performance required, to underpin and embed the desired ethical organisational culture of accountability, excellence and performance.

 

The SANBS Remuneration framework is designed to support the attraction, engagement and retention of our key talent that drives business strategy and execution, by motivating employees through:

Consultation & development

Consultation and development of employees through employee value proposition

Connecting Individual Goals

Connecting to individual goals and values

Collaboration and Engagement

Collaboration and engagement inspiring employees to perform

Recognition and Celebration

Recognising and celebrating employees’ milestones, such as long service

Rewarding key talent

As part of the broader talent management framework, our Remuneration Policy and practice includes pay progression opportunities for eligible employees. The revised remuneration approach also includes the development of dual career paths for specialist and certain management roles.

 

The organisation encourages career growth and mobility for all employees, while the organisation has also clearly identified  business imperative roles.

 

During the period under review, management was able to settle the annual salary negotiations and process salary increases without the dispute being referred to the CCMA for mediation.

 

As part of the total rewards approach, the RAD Academy supports the structured learning opportunities, enhanced digital learning opportunities and career growth as part of the employee value proposition.

Rewarding key talent

As part of the broader talent management framework, our Remuneration Policy and practice includes pay progression opportunities for eligible employees. The revised remuneration approach also includes the development of dual career paths for specialist and certain management roles.

 

The organisation encourages career growth and mobility for all employees, while the organisation has also clearly identified  business imperative roles.

 

During the period under review, management was able to settle the annual salary negotiations and process salary increases without the dispute being referred to the CCMA for mediation.

 

As part of the total rewards approach, the RAD Academy supports the structured learning opportunities, enhanced digital learning opportunities and career growth as part of the employee value proposition.

Remuneration governance

The governance of remuneration falls under the scope of the Human Resources division and the Human Resources and Remuneration Committee (HR and Remco), which in turn advises the Board. The Board approves the business strategy and targets at the beginning of every financial year, and thereafter reviews the results at the end of the financial year before making a final decision regarding the payment of any incentives (if applicable). See HR & Remco Report.

Remuneration governance

The governance of remuneration falls under the scope of the Human Resources division and the Human Resources and Remuneration Committee (HR and Remco), which in turn advises the Board. The Board approves the business strategy and targets at the beginning of every financial year, and thereafter reviews the results at the end of the financial year before making a final decision regarding the payment of any incentives (if applicable). See HR & Remco Report.

Equitable reward and remuneration

SANBS is committed to remaining sustainable while placing equal importance on the equitable rewarding of our valued employees. Our philosophy is meant to attract, develop, retain and celebrate the successes of our individual employees within the context of our altruistic mandate of being “Trusted to save lives”.

 

During the period under review management conducted a pay equity exercise to determine if there are  any inequalities in pay across race and gender. The outcome of the exercise was that there is no material inequality in the way the organisation remunerates employees across race and gender. The differences that were identified were due to the length of tenure of various employees.

 

It is the organisation’s philosophy that no employee should be paid below the minimum of the applicable salary scale, and this is verified through a process conducted by internal auditors annually.

 

Our role profiles are reviewed regularly for accuracy and our job grading process is conducted independently to ensure alignment to industry benchmarks.

The organisation uses the services of independent remuneration service consultants to review and benchmark remuneration levels of both the Non-Executive Directors (NED) and staff on a regular basis. A benchmark of salaries is planned in FY 2023.

 

Although SANBS is a not-for-profit organisation and therefore not ordinarily able to afford to remunerate its employees in accordance with the private sector market-related salaries and incentive bonuses, the remuneration scales and policies are benchmarked with similar size organisations nationwide.

 

This is in keeping with the recommendations made by the consultants as SANBS competes in the market for several specialist/specialised skills. See SANBS’ annual financial statements for disclosure of remuneration paid.

Equitable reward and remuneration

SANBS is committed to remaining sustainable while placing equal importance on the equitable rewarding of our valued employees. Our philosophy is meant to attract, develop, retain and celebrate the successes of our individual employees within the context of our altruistic mandate of being “Trusted to save lives”.

 

During the period under review management conducted a pay equity exercise to determine if there are  any inequalities in pay across race and gender. The outcome of the exercise was that there is no material inequality in the way the organisation remunerates employees across race and gender. The differences that were identified were due to the length of tenure of various employees.

 

It is the organisation’s philosophy that no employee should be paid below the minimum of the applicable salary scale, and this is verified through a process conducted by internal auditors annually.

 

Our role profiles are reviewed regularly for accuracy and our job grading process is conducted independently to ensure alignment to industry benchmarks.

The organisation uses the services of independent remuneration service consultants to review and benchmark remuneration levels of both the Non-Executive Directors (NED) and staff on a regular basis. A benchmark of salaries is planned in FY 2023.

 

Although SANBS is a not-for-profit organisation and therefore not ordinarily able to afford to remunerate its employees in accordance with the private sector market-related salaries and incentive bonuses, the remuneration scales and policies are benchmarked with similar size organisations nationwide.

 

This is in keeping with the recommendations made by the consultants as SANBS competes in the market for several specialist/specialised skills. See SANBS’ annual financial statements for disclosure of remuneration paid.

The organisation’s rewards programmes are guided by the following policies which are reviewed annually for relevance by the Human Resources and Remuneration Committee.

Remuneration

Performance Management

Incentive Bonus

Pay Progression

The main objective is to ensure that the organisation’s remuneration policies and talent management practices are fair, equitable, competitive and in line with best practice.

The organisation’s rewards programmes are guided by the following policies which are reviewed annually for relevance by the Human Resources and Remuneration Committee.

Remuneration

Performance Management

Incentive Bonus

Pay Progression

The main objective is to ensure that the organisation’s remuneration policies and talent management practices are fair, equitable, competitive and in line with best practice.