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HRM3705 SU 3
- Institution
- University Of South Africa (Unisa)
STUDY UNIT 3 COMPATIBILITY MODE
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COMPENSATION MANAGEMENTHRM3705
Study unit 3
Contextual influences on compensation
Practices
Prepared by Magda Bezuidenhout,
, Learning outcomes of study unit 3
Once you have completed study unit 3, you should be able to:
• Discuss the employment laws that influence companies’ compensation
practices and how these laws impact on compensation decisions and
implementation
• Apply your knowledge of the relevant legislation and their influence on case
studies/scenarios
• Identify and discuss the sources of the earnings gap
• Discuss labour unions’ influence on companies’ compensation practices
• Discuss the concept p of minimum wages g and the impact
p this has on the
compensation of employees
• Critically discuss the different influences on compensation practices
Prepared by Magda Bezuidenhout,
, Employment Laws that influence compensation tactics
The following laws impact on compensation policies:
• The Labour Relations Act 66 of 1995
• The Basic Conditions of Employment Act 75 of 1997
• The Employment
p y Equity
q y Act 55 of 1998
• The Skills Development At 97 of 1998
• TheeSSkills
s Development
e e op e Levies
e es Act
c 3
37 o
of 2008
008
• The Unemployment Insurance Act 63 of 2001
• Compensation for Occupational Injuries and Diseases
Act 130 of 1993
• The Income Tax Act 58 of 1962
• King III report
Prepared by Magda Bezuidenhout
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