The EE Regulations were passed on the 1st of August - here's what you need to know
There have been a lot of developments on the employment equity front lately.
On 1 August 2014, the new Employment Equity (EE) Regulations as well as the amended Employment Equity Act (EE Act) became effective.
Let's look at the new EE Regulations because they're the key to complying with the EE Act and you need to familiarise yourself with them so you can avoid penalties of up to R2.7 million or 10% of your turnover.
There are 26 changes to Employment Equity Act you must comply with in 2014...
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If you don't comply with them, the DoL will be on your case.
In fact, the DoL could fine you 10% of your turnover or up to R2.7 million!
Discover how to check if you're complying with all of them to avoid crippling DoL fines.
Why you need to get familiar with the new EE Regulations
When you buy any piece of equipment, you get a manual that tells you how to use the equipment safely or how to put it together.
We'd like you to think of the new EE Regulations as the manual that's going to tell you how to comply with the EE Act so you can achieve employment equity in your company.
If you don't know anything about these regulations or aren't familiar with them, chances are you'll fail to comply with the EE Act and you'll incur harsh penalties.
And because non-compliance penalties range from R1.5 million to R2.7 million, this means you could face bankruptcy for failing to comply.
So what do these new EE Regulations cover?
On its website, the DoL explains that some of the issues highlighted by the EE Regulations 2014 are the revised definition of designated groups, the criteria and methodology for assessing work of equal value and enforcement mechanisms.
The regulations also contain designated employers' duties that tell you how to prepare and implement an Employment Equity Plan, what to include in your plan and how to submit it.
As you can see, you can't afford to be in dark about the new EE Regulations. They'll guide you on how to implement the EE Act
so you can achieve employment equity and avoid penalties. Here's the link
to the new EE regulations, familiarise yourself with them and if you have questions about them, ask our experts at the Labour & HR Club.
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