While the majority of South African businesses recognise the need to offer a comprehensive employee benefits and retirement savings offering to their employees, many still don’t. While the reasons for this vary from employer to employer, the main one appears to be a mistaken belief that employee benefits schemes are difficult to set up, time-consuming to administer and expensive to run. But, according to Elize Giese, CEO of Employee Benefits at FNB, this is not the case. “As a division of one … [Read more...] about Offering attractive employee benefits is possible, and affordable, for most SA businesses
Elize Giese
A Key to Employee Productivity
Employee financial wellness key to improve productivity Given the dire economic circumstances, coupled with ongoing challenges facing businesses, it has never been more important for employees to be prepared both from a financial and personal perspective to deal with unprecedented changes, while still maintaining focus at work. Elize Giese, FNB Employee Benefits CEO says, many employees struggle with financial literacy, leading to several work-related challenges, including poor performance … [Read more...] about A Key to Employee Productivity
Employers encouraged to help employees achieve financial resilience
While employers, irrespective of the size or nature of their business, do care about the financial security and wellbeing of their employees, many still have the misperception that employee benefits solutions are the exclusive domain of large corporates with plenty of money to spare. According to Elize Giese, CEO of Employee Benefits at FNB, it’s a belief that is misguided, and one that Covid-19 showed needs to be addressed. “While a compelling employee benefits offering has long been … [Read more...] about Employers encouraged to help employees achieve financial resilience
10 common SME cost cutting mistakes
As more businesses struggle to maintain profit margins and survive in this tough operating environment, the last thing SMEs should be doing is wasting more money while trying to cut costs. Elize Giese, Head of Investments at FNB Business says one of the biggest mistakes that SMEs make when trying to cut costs is failing to devise holistic strategies dedicated to assist their businesses from financial losses. Instead, small business owners often make rash decisions when under pressure to try … [Read more...] about 10 common SME cost cutting mistakes
Small businesses Tax Saving tips
As SMEs reflect on the National Budget Speech, the focus should now be on implementing long term strategies to deal with challenges imposed by the ever-changing business environment. Elize Giese, Head of Investments for FNB Business, says given the current economic landscape, SMEs should constantly look for ways to reduce operating costs and use the savings to cater for unforeseen business expenses and emergencies. One way that SMEs can cut costs is through tax competence. Although the … [Read more...] about Small businesses Tax Saving tips
