EMPLOYEE PENSION FUND & MEDICAL AID SURVEY RESULTS

1. How familiar are you with the concept of a pension fund?

Very familar
49%
Somewhat familar
39%
Not very familar
7%
Not familiar at all
5%

2. Do you believe that having a pension fund would be a valuable benefit for you?

Extremely valuable
49%
Very valuable
23%
Somewhat valuable
13%
Not valuable
15%

3. The pension fund requires a 7% contribution of your gross salary each month (3% should be contributed from the company and 4% should be contributed from the employee) If we proceed with implementing the provident fund from January 2024, 4% will be deducted from your gross salary each month, for your personal contribution. Do you accept proceeding with this benefit?

Yes
80%
No
20%

4. In terms of the annual salary increases in January 2024 the company will cater for the 3% as part of your annual increase (should you be eligible for an increase). Do you accept that the pension fund will be a part of your increase and not additional to the proposed increase?

Yes
66%
No
34%

5. Are you currently on a Medical Aid?

Yes
36%
No
64%

6. If yes, which Medical Aid Scheme are you on?

  • Medshield, Topmed, Bestmed, Profmed, Compcare, Momentum: All 0%
Bonitas
3%
Discovery
49%
Febhealth
13%
Keyhealth
3%
Medihelp
11%
Other
21%

7. Are you currently a dependant on your spouse's Medical Aid?

Yes
13%
No
87%

8. If yes, does your spouse’s medical aid get covered by the company he/she works for?

Yes - 100% covered
1%
Yes - 50% covered
4%
No - Covered in personal capacity
25%
No - We are not covered at all
70%

9. Do you believe that having a medical aid, managed by the company, would be a valuable benefit for you?

Yes
70%
No
30%

10. In terms of the annual salary increases in January 2024 the company may consider implementing a restricted medical scheme as part of your annual increase (should you be eligible for an increase). Do you accept that the medical scheme will be a part of your increase and not additional to the proposed increase?

Yes
51%
No
49%

11. Considering that the medical scheme cost will be a deduction from your monthly salary, which medical aid cover option which you prefer?

Basic Hospital Plan
7%
Traditional Plan
22%
Comprehensive Plan
24%
None
47%