Compensation Fund

All Employers must Register with the Fund, and extreme care should be taken in completing the relevant forms and with us attending to these Returns, Potential problems can be identified while there is still an opportunity to correct them.

Services we provide

Registration (COID Act)

Return of Earnings (ROE)

Letters of Good Standing (LOGS)

Household (Domestic) Employer Registration (COID Act)

Statement of Business Account

Audits / Discrepancies

Why Register, and How Does it Work?

The COID-Act stipulates that every Employer must Register with the Fund. Should any of your employees then get injured at work, certain expenditures are covered by the Fund.

The most critical part of the Registration Process is the description of the Nature of your Business. This will determine under which category and sub-class your Business will resort.

Each sub-class has its own risk tariff depending on the Risk associated with the Type of Operation. For example, a mining company will have a higher risk tariff than a bank, because you are more likely to get injured on a mine than in an office.

Another important part of the Registration Process is the Declaration of Earnings. It is important to note, that "Earnings" does not mean remuneration and if you get this wrong, it will result in an incorrect assessment.

After successfully Registering the Business, the Fund would issue a Notice of Assessment. Normally the Assessment would need to be settled within thirty days to avoid penalties, but subject to certain criteria, payment by instalments can also be arranged. As soon as the payment reflects on their system, we can apply for your Letter of Good Standing.

COIDA Renewal - Here's what you need to know:

First of All

The annual submission of your 'Return of Earnings' is an obligation placed on each Employer Registered with the office of the Compensation Fund.

What Does this Mean?

For the last couple of years, the COIDA (ROE) Returns were submitted during the months of April and May. The earnings and headcount to be declared are obtained from your Payroll System, but be careful to observe the difference between "Earnings" and remuneration.

Therefore, the Commissioner would Issue an Assessment based on the Earnings declared and the tariff applicable to the industry in which you operate. Providing that there is no outstanding balance on your account, payment of the Assessment would mean that you would be able to obtain your Letter of Good Standing for the Next Year.

However, the Return of Earnings (ROE), is the area where most errors are made with direct financial consequences. Requesting Re-Assessments involves affidavits, submission of financial statements and huge volumes of supporting documentation.

Compensation Fund Services

We look forward to assisting in the matters of concern as you consider outsourcing these functions to a specialized service provider for expert support and ensuring Business Stability.

DISCIPLINARY HEARINGS​

Counselling's, warnings, suspensions etc. Handling of all internal grievances raised

CCMA REPRESENTATION​

Preparation and representation of arbitration and conciliation. Rescission and condonation applications

BARGAINING COUNCIL REPRESENTATION

Preparation and representation of arbitration and conciliation. Rescission and condonation applications

MANAGING MISCONDUCT AND GRIEVANCES

Counselings, warnings, suspensions etc. Handling of all internal grievances raised

UNION NEGOTIATIONS

Representation in union negotiations re: retrenchments and staff reductions

RECRUITMENT

Sourcing candidates, screening applicants, initial interviews, background and criminal checks

EMPLOYMENT CONTRACTS AND JOB DESCRIPTIONS

Including fixed term contracts, memorandum of agreements, casuals, part time employees and permanent employees

RETRENCHMENTS​

Handling of restructures and possible retrenchments form consultation to operational requirements dismissals

KPI’S AND PERFORMANCE MANAGEMENT

Managing annual performance reviews, including a matrix whereby annual increases may be based.

UIF​

Company registrations Letter of good standing

COMPANY POLICIES

Drafting all HR/Employee related Company policies ie: sexual harassment HIV and AIDS, alcohol and drug abuse leave

MUTUAL SEPARATIONS AGREEMENT

Managing separations from beginning to end

SETA SKILLS DEVELOPMENT​

Facilitating of training workshops

ACCOUNTING

Bookkeeping. Registration of companies Tax SARS. Payroll. VAT. PAYE. IDL. UIF

BEE

Application of BEE compliance, B-BBEEE verification & Sworn affidavit. SANAS Accredited.

TRAINING MANUALS

Assisting with training plans for new engagements, transferred employees, promoted and demoted employees

PROBATION MONITORING

In line with the Code of Good Practice, meeting regularly with new employees, giving the necessary feedback and documenting each discussion

COIDA

Registrations and applications Compliance and letter of good standing

OCCUPATIONAL HEALTH AND SAFETY​

Health and safety compliance and documentation

SUCCESSION PLANNING​

Ensuring all employees have an approved career plan in place

EMPLOYMENT EQUITY

Legal Appointments, categorisation, committee elections and meetings, auditing, consultation, reporting, inspections

POLYGRAPH TESTING​

Pre-employment testing. Random testing Specific incident testing Sexual fidelity testing

Compensation Fund

All Employers must Register with the Fund, and extreme care should be taken in completing the relevant forms and with us attending to these Returns, Potential problems can be identified while there is still an opportunity to correct them.

Services we provide

Why Register, and How Does it Work?

The COID-Act stipulates that every Employer must Register with the Fund. Should any of your employees then get injured at work, certain expenditures are covered by the Fund.

The most critical part of the Registration Process is the description of the Nature of your Business. This will determine under which category and sub-class your Business will resort.

Each sub-class has its own risk tariff depending on the Risk associated with the Type of Operation. For example, a mining company will have a higher risk tariff than a bank, because you are more likely to get injured on a mine than in an office.

Another important part of the Registration Process is the Declaration of Earnings. It is important to note, that "Earnings" does not mean remuneration and if you get this wrong, it will result in an incorrect assessment.

COIDA Renewal - Here's what you need to know:

First of All

The annual submission of your 'Return of Earnings' is an obligation placed on each Employer Registered with the office of the Compensation Fund.

What Does this Mean?

For the last couple of years, the COIDA (ROE) Returns were submitted during the months of April and May. The earnings and headcount to be declared are obtained from your Payroll System, but be careful to observe the difference between "Earnings" and remuneration.

However, the Return of Earnings (ROE), is the area where most errors are made with direct financial consequences. Requesting Re-Assessments involves affidavits, submission of financial statements and huge volumes of supporting documentation.

Compensation Fund Services

We look forward to assisting in the matters of concern as you consider outsourcing these functions to a specialized service provider for expert support and ensuring Business Stability.

Cape Town Labour Consultants t/a The Labour Consultants Group PTY LTD, 2012 All rights reserved

Cape Town Labour Consultants t/a The Labour Consultants Group PTY LTD, 2012 All rights reserved

SUCCESS THROUGH BUSINESS STABILITY

DISCIPLINARY HEARINGS​

Counselling's, warnings, suspensions etc. Handling of all internal grievances raised

CCMA & BARGAINING COUNCIL REPRESENTATION

Preparation and representation of arbitration and conciliation. Rescission and condonation applications

BARGAINING COUNCIL REPRESENTATION

Preparation and representation of arbitration and conciliation. Rescission and condonation applications

MANAGING MISCONDUCT AND GRIEVANCES

Counselings, warnings, suspensions etc. Handling of all internal grievances raised

UNION NEGOTIATIONS

Representation in union negotiations re: retrenchments and staff reductions

RECRUITMENT

Sourcing candidates, screening applicants, initial interviews, background and criminal checks

EMPLOYMENT CONTRACTS AND JOB DESCRIPTIONS

Including fixed term contracts, memorandum of agreements, casuals, part time employees and permanent employees

RETRENCHMENTS​

Handling of restructures and possible retrenchments form consultation to operational requirements dismissals

KPI’S AND PERFORMANCE MANAGEMENT

DISCIPLINARY HEARINGS

CCMA REPRESENTATION

RETRENCHMENTS

UIF

SETA SKILLS DEVELOPMENT

OCCUPATIONAL HEALTH AND SAFETY

SUCCESSION PLANNING

POLYGRAPH TESTING

DISCIPLINARY HEARINGS

RETRENCHMENTS

UIF

SETA SKILLS DEVELOPMENT

OCCUPATIONAL HEALTH AND SAFETY

SUCCESSION PLANNING

POLYGRAPH TESTING