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04
Transparency and accountability
Remuneration
report
– continued
Hierarchical level
Level of leadership
Telkomgrade
Group chief executive officer
Executive committee
MO
Chief officers
Executive management
M1
Managing directors/group/
managing executives
M2
Executives
Executive leadership
M3
Senior manager/manager
Frontline leadership
M4/5
Operations manager/supervisor
Frontline leadership
M6
Support staff/technician/specialist
Operational
OP/2/A
Guaranteed packages
Introduction
Employees are not entitled to annual guaranteed package increases. Annual
increases are subject to industry market conditions, employee performance,
internal equity, strategic investments and the company’s overall financial
position, financial performance and ability to pay. The packages are reviewed
against individual performance, set against a market median, and determined
on a total cost-to-company basis.
Employees can structure their packages within the framework of the applicable
policies, practices and regulatory requirements. Remuneration adjustments
outside the annual remuneration review process may be considered in
exceptional circumstances and will be subject to the agreed authorisation.
All positions are evaluated to determine their relative value and contribution in
terms of complexity and required outcomes. Positions are evaluated using the
company’s job evaluation system, which correlates with the Paterson Grading
System as follows:
Guaranteed packages are
influenced by the scope of
the role and the knowledge,
skills and experience
required of the position
holder. The packages reflect
the market median which
is determined through
external market research
that yields market data and
appropriate salary ranges
for specific positions.
Guaranteed packages
The guaranteed packages consist of a
basic pensionable salary, retirement
provision and flexible benefits
Basic pensionable salary
> company contributions to retirement
> other flexible benefits:
• travel allowance
• non-pensionable allowance
• medical aid
• housing allowance
• management provident fund