IOP3706
Assessment 4
Question 1
(a) In the past I have left the companies I worked at for the following reasons:
Salary increases too low – with inflation going up each year including school
fees, fuel, food and other expenses, if the increase is not at least inflation level
then you are financially moving backward and eventually cannot cope with
expenses on a particular salary.
Company culture - If the employees form a group and do not invite a new
employee in, I feel unwelcome and like an outsider.
Opportunities for growth within a company – with no opportunities for growth and
not offering any training and development after a few years I became bored and
stuck in my position and started looking for another work opportunity.
I am happy working for the company I am part off and now been with them
for almost 7 years because of the following reasons:
Reward and remuneration – Remunerations are revised on a regular basis, it
includes a bonus and we are rewarded with an extra bonus monthly if we work
for the company for longer than 5 years.
Work life balance – This is very important to our company owners, we work from
home and can arrange flexible working hours on days when we have family
responsibilities.
Employee wellness program – We are all registered with a wellness program
offering all employees, mental and physical health, financial and legal advice.
Training and development opportunities – There are training opportunities and
suggestions for development and continued study is always welcome. They do
offer study leave for employees furthering their formal education.
Supervisor support – Constructive criticism and advice are always welcome and
taken into consideration whether it relates to the company, the team, or
individual goals.
(b) The biggest problem in retaining talent in South Africa is quality of life. This
includes but is not limited to pension, safety as well as environmental
performances.
Lack of employment opportunities for tertiary educated employees.
South Africa also has a low number of professionals, the skilled professionals in
the country to not particularly contribute to building the economy. Many South
Assessment 4
Question 1
(a) In the past I have left the companies I worked at for the following reasons:
Salary increases too low – with inflation going up each year including school
fees, fuel, food and other expenses, if the increase is not at least inflation level
then you are financially moving backward and eventually cannot cope with
expenses on a particular salary.
Company culture - If the employees form a group and do not invite a new
employee in, I feel unwelcome and like an outsider.
Opportunities for growth within a company – with no opportunities for growth and
not offering any training and development after a few years I became bored and
stuck in my position and started looking for another work opportunity.
I am happy working for the company I am part off and now been with them
for almost 7 years because of the following reasons:
Reward and remuneration – Remunerations are revised on a regular basis, it
includes a bonus and we are rewarded with an extra bonus monthly if we work
for the company for longer than 5 years.
Work life balance – This is very important to our company owners, we work from
home and can arrange flexible working hours on days when we have family
responsibilities.
Employee wellness program – We are all registered with a wellness program
offering all employees, mental and physical health, financial and legal advice.
Training and development opportunities – There are training opportunities and
suggestions for development and continued study is always welcome. They do
offer study leave for employees furthering their formal education.
Supervisor support – Constructive criticism and advice are always welcome and
taken into consideration whether it relates to the company, the team, or
individual goals.
(b) The biggest problem in retaining talent in South Africa is quality of life. This
includes but is not limited to pension, safety as well as environmental
performances.
Lack of employment opportunities for tertiary educated employees.
South Africa also has a low number of professionals, the skilled professionals in
the country to not particularly contribute to building the economy. Many South
