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Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

Bargaining Council for the Furniture Manufacturing Industry

KwaZulu Natal

Extension to Non-Parties of the Main Collective Agreement

Part 2

Annexure C: Municipal Area of Mandini also referred as Isithebe

6. Bonus

 

(1) It is agreed to implement an incentive scheme as follows:

 

1 July 2023 - 30 June 2024 : 1,59% of actual wages

 

1 July 2024 - 30 June 2025 : 3,18% of actual wages

 

1 July 2025 - 30 June 2026 : 4,77% of actual wages (for non parties with effect from 1 July 2025 as per Notice R.3666 of 14 July 2023 under Government gazette 48959.)

 

1 July 2026 - 30 June 2027 : 6,375% of actual wages

 

The incentive scheme shall be operated as follows:

 

- Absenteeism will be the only basis and proxy used as a measurement in the incentive scheme;
- Absenteeism will be measured from 1 September of each year to factory closure;
- Employees shall forfeit 1 week's incentive bonus for 1 day of unauthorized absence, limited to 1 week forfeit per month;
- In the event of absence due to illness the employee will not be deemed to be absent in the following cases:
o Inform/his/her supervisor that he/she will be absent for the day due to illness;
o The employee produces a medical certificate on return to work;
o Scheduled clinic visits for chronic conditions must be arranged with HR;

 

The incentive bonus shall be paid directly to employees at year end.