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Against the backdrop of heightened international scrutiny over credit management, monetary policy and boardroom incentive schemes, businesses are eyeing reward specialists in a new light.
Locally, the SA Reward Association (Sara) aims to add fresh perspectives to pay issues with its 2012 conference and pre-conference events.
Sara is a non-profit, membership-driven organisation established in 1997 to promote the reward profession in southern Africa. The organisation’s primary mandate is to actively ensure that reward specialists and managers, human resources professionals and executives have the skills, confidence and passion for the reward discipline.
The field of reward management, which has now expanded beyond the concept of salaries and benefits, has taken on notable proportions as companies realise the impact of human behaviour on the strategic objectives of the business – and, how the design of rewards positively influence desired human behaviours.
Reward specialists, who are responsible for the design, development and implementation of reward strategies, policies and processes that will support organisational and people objectives, are deemed critical skills and these professionals need to be on top of their game at all times.
“There is no doubting the relevance of reward management and its place in cementing progressive HR policy to aid businesses operating within an economically tough climate,” says Mark Bussin, Sara president. “It is therefore Sara’s purpose to ensure that these professionals, as well as those working closely with them, are equipped to face challenges in this industry.”
Most organisations listed on the JSE are corporate members of the association and its individual membership listing has reached more than 3 000.
On September 20, Sara in association with the the Institute of Directors in Southern Africa, will host a pre-conference event at the Johannesburg Country Club for remuneration committee members, as well as finance, reward and HR executives to debate questions around the executive pay bubble and responsible executive pay.
This event is a significant lead-in to the main annual conference scheduled for October 11 and 12. The event will culminate with the 10th annual Sara Rewards Awards Banquet, held in association with PwC Remchannel on October 13 at the same venue.
Companies can sponsor and/or exhibit at the event. Call 011 061 5000 or visit www.sara.co.za