Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Amended Codes of Good Practice (2017)
Amended Code Series CSC200: Measurement of the Management Control Element of Broad-Based Black Economic Empowerment in the Construction Sector
Statement CSC200: The General Principles for Measuring Management Control
3.7 Remuneration Parity
|3.7.1||The Measured Entity must strive for parity in remuneration between race groups and gender at all management levels. To this end the Measured Entiry must provide full payroll access together with a copy of the Payment Parity report EEA4 to the Verification Agency during the verification.In the absence of such, the staff management levels will be declined by the verification Agency.|
|3.7.2||In cases where Measured Entities are exempt from submitting the Department of Labour Employment Equity reports, then a Remuneration Parity Statement, similar in form to the EEA4 report, must be signed by the authorised signatory of the Measured Entity as part of the verification process. This is to ensure that a person’s responsibility and remuneration are in line with their job grade.|
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