A recent media report stated that Zimbabwe government ministers earn below US$300 per month . With the Poverty Datum Line estimated at about US$500 per month, according to the report, it was concluded that currently, Zimbabwean government ministers are aerning below the PDL. The Human Capital Telescope is of the view that this is highly misleading as our government ministers enjoy a range of guaranteed benefits. The misconception is fuelled by the common notion that remuneration is the cash component. Im most cases this cash component is made up of the basic salary. By default remuneration tends to be equated with basic salary. From a reward management point of view, remuneration comprises both cash and non-cash benefits.
In the Readers Forum part of my weekly Zimbabwe Independent column I asked you readers to weigh in with your options as to whether our Zimbabwean ministers are earning below the PDL. What are your views? Lets share the thought space.
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thats true.. they earn far much more than what they say, because they have a lot of benefits on the side.
ReplyDeleteThanks for your views Spring. Your support for this blog is greatly appreciated. It is important that companies in Zimbabwe adopt best practices in handling issues of remuneration. The total guaranteed and its related approach total cost to company should be embraced. Remuneration needs to be managed strategically. Strategic remuneration management goes beyond payroll. Remuneration must be a board of directors agenda.
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