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
Remuneration is directly tied to the successful execution of our strategy, recognising the high degree of skills, experience, and leadership capability required to run a company like SANBS, and save lives!
SANBS is committed to ensuring its employees are rewarded fairly for their contributions and performance. The remuneration system at SANBS is closely tied to achieving successful outcomes from its strategy, making it essential for all staff to understand how their work impacts the company's goals.
By linking remuneration to performance, SANBS aims to recognise the value delivered by its employees while ensuring that the rewards offered are fair, aligned with the company’s broader objectives and to a purpose driven Employee Value Proposition (EVP).
Remuneration process
At SANBS, the approach to remuneration is built around our THREAD values, which form the foundation of the organisational culture. These values emphasise accountability, excellence, and performance.
The remuneration structure is designed not only to attract and retain skilled employees but also to encourage the behaviours and skills that contribute to a positive and ethical work environment.
Reward and remuneration
Strategic planning
Develop iHEALTH organisational scorecard
Set measurable goals
Define KPIs and KPAs for all employees
Bi-annual performance management discussions
The SANBS remuneration framework helps to drive the business strategy by motivating employees in various ways. The focus is on:
Attraction and retention
The framework is designed to attract, engage, and retain employees by offering competitive rewards and career growth opportunities
Consultation and development
Employees are encouraged to participate in discussions about their value and career progression within the company
Connecting individual goals
The company strives to link its overall purpose to the personal goals and values of its employees
Collaboration and engagement
Encouraging teamwork and partnerships among staff to inspire high performance
Recognition of achievements
Celebrating employee milestones such as long service, which fosters a sense of belonging and appreciation