Do you deserve a holiday or bonus?
Do you deserve a holiday or bonus?
Have you been treated unfairly by you employer
4 things you need to know about bonuses and annual leave
4 things you need to know about bonuses:
1. There is no statutory requirement in the labour law to pay bonuses.
2. Bonuses are not regulated by labour legislation and are done with the discretion of the employer.
3. Employers are warned that if a bonus has been included in the employee’s contract or in the company’s policy, the bonus must legally be paid.
4. Failure to pay the bonus if it has been agreed upon by the employer and employee may result in a breach of contract.
4 things you need to know about annual leave:
1. Annual leave is regulated by labour legislation, however these laws do not apply to an employee who works less than 24 hours per month.
2. Employees are entitled to 21 consecutive days annual leave on full remuneration, in each annual leave cycle.
3. If an employee works a five-day week then this is equal to 15 working days.
4. Many companies have a shutdown period over December where the employer is rightfully entitled to state that annual leave must be taken to coincide with the shutdown period.
Need more information?
If you would like more information on this topic, please speak to one of our legal advisers by emailing info@legalandtax.co.za or calling 0860 587 587.
Or find more information on our legal plans.
Recommended articles
Solace&You November 2024
In our latest edition of Legal&You, we are providing you with a free wealth checkup. With the end of the year fast approaching, why not take your free wealth checkup to understand your current position and start planning for your financial goals next year. There is no time like the present.
16 Days of Activism Against Gender-Based Violence
In South Africa, a woman loses her life to violence every six hours by her intimate partner, a stark reminder of the deep-seated crisis of gender-based violence (GBV). These numbers aren't just statistics; they represent lives cut short, families shattered, and communities left to mourn. As we approach 16 Days of Activism Against Gender-Based Violence, equip yourself and your community with knowledge of the rights and support available to break the cycle of abuse.
The Pressing Debt Crisis in South Africa
About 25 million adults in South Africa have incurred some form of debt, a situation that has continued to grow in recent years. Millions of South Africans are now under severe financial strain, with the cost-of-living crisis, unemployment rates climbing, and economic growth sluggish. With debt becoming a universal issue, you should explore ways to take control of your finances.
