Our Capitals
Remuneration report: Rewarding our people fairly for skills, experience and delivery
Our Capitals
Remuneration report: Rewarding our people fairly for skills, experience and delivery
Total employment cost
Employees at SANBS are compensated on a Total Cost of Employment (TCE) basis, which includes base pay, fringe benefits, and performance-based salary increases for management. Salary increases for employees in the bargaining unit are negotiated annually with labour partners and require approval from the SANBS Board.
Staff members are eligible for various fringe benefits, such as retirement funds, healthcare, life cover, and disability cover. Additional benefits, including overtime and allowances, are also available to those in the bargaining unit.
In response to financial constraints faced by staff, the Trustees of the SANBS Provident Fund have introduced a new Provident Fund option allowing employees to contribute 7.85% of their salary. This change has provided much-needed relief, positively impacting net income.
In South Africa, the introduction of the two-pot system represents a significant advancement in employee benefits, providing a more flexible approach to retirement savings. By allowing access to a portion of retirement funds, it aims to offer immediate financial relief while still promoting long-term saving habits. This system is part of broader efforts to improve financial security for South African workers and enhance their overall financial well-being.
Pot 1: This pot is intended for long-term retirement savings and is subject to the usual rules regarding preservation until retirement age.
Pot 2: This pot allows employees to access a portion of their savings before retirement, providing more immediate financial relief when needed.
Recognition
Employee recognition is central to building a culture of appreciation. SANBS values the recognition of its employees' achievements through a variety of celebrations. We host informal gatherings to celebrate successes, along with formal awards for outstanding service and long service milestones.
Birthday vouchers are also appreciated as part of our recognition programme. In our latest initiative, we have rolled out quarterly awards that will lead to a grand "Night of the Stars," where we will honour the overall winners from these awards.
As of April 1, 2024, our Employee Recognition Programme includes these Quarterly Awards, allowing each Zone to run its recognition programme. Employees can nominate their peers who exemplify SANBS values in their daily work. Each quarter, two awards will be presented per Zone: Employee of the Quarter and Team of the Quarter.
Boksburg Blood Bank
Vaal Zone Employees of the Quarter
The Boksburg Blood Bank made history as the first SANBS team to implement automated antibody identification testing successfully. This innovation has significantly improved the speed of lifesaving blood availability. Accomplished without additional staff or budget, the team managed daily operations and trained new members while maintaining a 94% turnaround time.
They also passed internal and HP CSA audits with zero notifications, demonstrating exceptional resilience and commitment to patient care, embodying the SANBS values.
Nomapha Kanuka
Eastern Cape Employee of the Quarter
Nomapha exemplifies our value of excellence through her outstanding service in donor retention. Her peers highlight her cheerful attitude and dedication, creating a positive experience for all donors.
Numerous compliments from grateful donors reflect her professionalism and caring nature, including stories shared on the East London Women Facebook page, where a donor praised her for making his first donation comfortable, encouraging him to return. Nomapha's exceptional contributions not only enhance donor experiences but also support our customer-focused strategy, making her a truly invaluable team member deserving of recognition.
