HomeHome SearchSearch MenuMenu Our productsOur products

You need to prove you're reporting your EE targets and goals to avoid a hefty fine!

by , 11 February 2013
The latest South African unemployment figureswere released last week. Stats SA is now accused of undercounting, which throws the entire report into question. But here's the thing - it's not just Stats SA that's getting their figures wrong. Stating inaccurate figures in your EE report is an area where your business is most likely to attract a huge fine from the Department of Labour (DoL). Here's what to do to avoid this...

South Africa's latest unemployment figures have just been released by Statistics SA.
 
They show that unemployment has dropped to 24.9% against an expected rise to 26%.
 
But now, the figures have been called 'questionable' by the Business Day's BDLive website.
 
'Stats SA is consistently undercounting by 30% the amount of unemployment in the country,' says Loane Sharpe, labour economist at Adcorp.
 
Many businesses face a similar threat of inaccurate reporting when submitting their employment equity reports.
 
Especially as one of the recent Employment Equity changes is that you need to separate numerical targets reporting from numerical goals reporting, in line with legislative requirements, says FSP Business.
 
Getting this wrong might mean that organisation have to close down as fines for non-compliance will be extremely high, says Beyond Consulting.
 
And there's little chance that your 'EE reporting slip' will fall under the radar as public employers must publish summaries of their employment equity reports in their annual financial reports, says the Department of Labour.
 
But there's a way you can prove your target reports are accurate.
 
Here's how to prove your EE reporting figures to the Department of Labour
You'll need to keep the previous two years' EEA2 reports on workplace profiles and numerical EE target reports with proof of delivery to the DoL for small companies, and the previous three years' reports with proof of delivery to the DoL for large companies, the Labour Bulletin explains.
 
Best you comply, as the Department of Labour has put together two levels of inspection and can drop in unannounced to audit your company's EE implementation.
 
Make sure you're keeping record  that you're reporting your business's EE figures correctly to avoid fines from the Department of Labour and the possibility of criminal charges.






Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>