The new earnings threshold from 01 March 2023 is R241 110.59 per annum.
Want to know what it means to earn above or below the earnings threshold? I made a Youtube video detailing this information.
Want to know what is included and what is excluded when calculating the earnings threshold? I wrote a blog piece about this.
Recommendation from me:
Use a different contract for employees who earn above the threshold and for employees who earn below the threshold because there is quite a significant difference in the applicable legislation for employees who earn below the threshold.
Relevant services I provide:
- Review of contracts of employment and recommendations
- Sound boarding business terms and conditions to ensure compliance, discuss risks in areas of non-compliance and ensure business practices are effective.
- Drafting new contracts of employment
You can contact me via email: carmen@employmentrelations.co.za
Hope this information is helpful,
Carmen
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