The chief savings vehicles for employees in the workplace are employee benefits models. The globally accepted models at this time are those that place emphasis on the single financial need of compulsory retirement savings funded by contributions from both employer and employee on an agreed proportionate percentage basis. This is regarded as the top priority, regardless of the individual’s personal financial circumstances.
Contrary to this, recent exploratory research in South Africa challenges this one-dimensional historic employee benefits model — especially for lower end earners, who constitute the bulk of the population.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access