[November 13, 2014]

Research and Markets: Employee Benefits in South Africa

Research and Markets (http://www.researchandmarkets.com/research/z58pkq/employee_benefits) has announced the addition of the "Employee Benefits in South Africa" report to their offering.

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), contrbutory 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.

Key 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

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Country Statistics

4 Overview of Employee Benefits in South Africa

5 Regulations

6 State and Compulsory Benefits

7 Private Benefits

8 Macroeconomic Indicators

9 Appendix

For more information visit http://www.researchandmarkets.com/research/z58pkq/employee_benefits

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