New Market Research Report: Employee Benefits in South Africa

South Africa has a well-developed social security system, which covers employees and their dependents, unemployed persons and individuals. The Department of Labor (DoL) is the central labor administration body and is regulated by Ministry of Labor. The South African social security system is composed of three pillars: the non-contributory pillar (taxed pillar), contributory pillar and private voluntary pillar. The contributory pillar includes social insurance, while the non-contributory pillar includes social assistance and social relief distress. The private voluntarily pillar covers pensions, short-term, work-injury and healthcare benefits, and is usually voluntary but can become obligatory based on a company's policy, work, industry and sector.

Full Report Details at
- http://www.fastmr.com/prod/910743_employee_benefits_in_south_africa.aspx?afid=301

Report Highlights

* The South African social security system is composed of three pillars: the non-contributory pillar (taxed pillar), contributory pillar and private voluntary pillar
* The contributory pillar includes social insurance, while the non-contributory pillar includes social assistance and social relief distress
* Private benefits are provided by South African employers to their employees, as social security benefits are minimal

Report Scope

This report provides a detailed analysis of employee benefits in South Africa:

* It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
* It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, unemployment, minimum resources, long-term care insurance and private benefits
* It highlights the economic and regulatory situations relating to employee benefits in South Africa

Reasons to Get this Report

* Make strategic decisions using in-depth information related to South African employee benefits
* Assess the South African employee benefits market, including state and compulsory benefits and private benefits
* Gain insights into the key employee benefit schemes offered by private employers in South Africa
* Gain insights into key regulations governing South African employee benefits, and their impact on companies

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