REMUNERATION POLICY

The Institute for Economic Justice (IEJ) has established a formal Remuneration Policy to align staff compensation with its values of justice, fairness, and equity. Developed through a consultative process in 2023, the policy introduces a structured system of wage bands based on the Paterson grading system, aiming to balance market competitiveness with a commitment to reducing pay inequality and addressing historic inequities.

• The IEJ has implemented a wage ratio to limit pay inequality, stipulating that the highest paid full-time staff member cannot earn more than five times the remuneration of the lowest paid full-time staff member, excluding interns.
• The organization uses the Paterson grading system to categorize roles and determine salary bands, which are made public to ensure transparency for current staff and prospective applicants.
• To address historic injustices, the IEJ is establishing a "skills development fund" to facilitate the advancement of staff within and between salary levels and bands, specifically targeting those affected by historic inequalities.
• The remuneration package is calculated on a total-cost-to-company basis, which includes a base salary, a 7.5% 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; however, ad hoc bonuses may be granted to all employees if funding allows.
• The policy outlines a phased implementation for salary adjustments to reach target packages, with a goal to close the remaining gap between prevailing and inflation-adjusted target salaries by the start of 2026.

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} }