Remuneration & Wellness
2011 Remuneration Association of Educational Institutions (RAEI) Conference
I was honoured to have been a speaker at the 2011 Remuneration Association of Educational Institutions Conference, that was held in Boksburg from 15-16th September. The remuneration conference was organised by ITS Evula (Pty) Ltd and was well attended by finance, payroll and remuneration professionals from University of Fort Hare, UJ, UKZN, NMMU, TUT, DUT & many FET colleges.
The theme of the conference was the relationship between Staff Remuneration & Wellness, and my recent HR Future column on remuneration resonated with it, viz:
“Money buys happiness. For many years, consultants, especially those in the reward profession, have contended that there is more to attracting and retaining talent, than money. While that assertion may be valid for those occupying the seven figure levels of the organisation or those paid to do nothing, the masses would disagree”.
Remuneration is a topical issue in many academic institutions – employment value proposition, tight budgets, regulations, below market rates, package structuring and sharp increases in the cost of living.
During the presentation, I covered the age old issue of staff being unhappy with their pay, the conventional responses from yesterday’s experts, emerging remuneration issues and three “differentiate or die” changes. I look forward to engaging with several of the participants in the months ahead about the remuneration challenges in their institution.