REMUNERATION POLICY

The Institute for Economic Justice (IEJ) has implemented a new Remuneration Policy based on values of justice, fairness, and equity. The policy introduces a structured approach to pay using the Paterson grading system and specific wage bands to balance market competitiveness with the goal of reducing pay inequality. Key features include a maximum wage ratio of 5:1 between the highest and lowest paid full-time staff, a total-cost-to-company package including retirement and medical aid contributions, and a commitment to public transparency regarding salary bands. The policy also includes a 'skills development fund' specifically designed to address historic racial and gender inequities by facilitating staff advancement.

• The IEJ has adopted a wage ratio limit where the highest paid full-time employee cannot earn more than five times the remuneration of the lowest paid full-time employee, excluding interns.
• The organisation uses the Paterson grading system to evaluate role complexity and determine salary bands, which are made public to ensure transparency for current staff and prospective applicants.
• To address historic racial and gender injustices, the IEJ is establishing a 'skills development fund' to help historically disadvantaged staff advance through salary levels and bands.
• The remuneration package is based on a total-cost-to-company model, which includes a base salary, a 7.5% organisational contribution to a retirement fund, and a medical aid contribution valued at approximately 50% of an average package.
• The IEJ explicitly rejects performance-based bonuses, viewing them as too discretionary, though ad hoc bonuses may be granted to all employees if funding allows.
• The policy's salary bands are designed to be competitive with professional peers but are capped at the top end to prevent excessively high salaries for senior management.

APA

Institute for Economic Justice (2024). REMUNERATION POLICY. https://iej.org.za/wp-content/uploads/2024/11/IEJ-Remuneration-Policy.pdf

Chicago

Institute for Economic Justice. REMUNERATION POLICY. 2024. https://iej.org.za/wp-content/uploads/2024/11/IEJ-Remuneration-Policy.pdf.

Wikipedia

{{cite report |author=Institute for Economic Justice |title=REMUNERATION POLICY |date=2024 |url=https://iej.org.za/wp-content/uploads/2024/11/IEJ-Remuneration-Policy.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{instituteforeconomicjustice2024remuneration, author = {{Institute for Economic Justice}}, title = {{REMUNERATION POLICY}}, institution = {Institute for Economic Justice}, year = {2024}, url = {https://iej.org.za/wp-content/uploads/2024/11/IEJ-Remuneration-Policy.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }