On Monday we looked at what you should know about the new changes to the Employment Equity Act, and what they mean for your business. Today I want to show you what can happen if you don't comply with these new provisions.
The Employment Equity Act
Amendments aren't great news for the already over-burdened businesses in our country. It's another piece of legislation that will place an even tighter strangle-hold on your company. If you don't make sure you comply with the new amended provisions, it can bankrupt your business. Read on to see how these changes affect you…
Now back in two major cities with updated amendments to the Employment Equity Act!
Employment Equity Plan half–day Workshop 2014
11 March - Johannesburg
13 March - Cape Town
Come see how to draw up your EE plans quickly and easily in line with the new provisions to the Employment Equity Act!
Click here to book and pay now!
So, what will happen if you don't comply with the new provisions?
You'll personally face fines of up to R30 000 per contravention; and
• Your company will face fines from a minimum of R1.5 million or 2% of annual turnover to a maximum of R2.7 million or 10% of their turnover – per incidence of non-compliance, per provision!
What should you do about it?
Don't ignore these steep penalties, because it can mean bankruptcy for your company, so it's really in your best interests to get compliant now. Don't wait until it's too late, it takes more time than you may think to get all the legal requirements in place.
Don't wait another second! Join me at the Employment Equity Plan Workshop
on 11 March 2014 in Johannesburg and 13 March 2014 in Cape Town, and in the half-day wokshop I'll show you how to do this the right way.
Your company's future depends on it!
Until next time.
Editor-in-Chief - Practical Guide to Human Resources Management
P.S. Don't know how to draw up an EE plan
? I'll walk you through it step-by-step at the workshop with my easy to use template. Book and pay now to attend!