Besides focussing on the cash components, there is also the non-cash components of Compensation Management. The Terms and
Conditions of Service (or TACOS) addresses these components. TACOS is an important employee retention tool. Elements such
as annual leave, hospitalisation and surgical insurance scheme, maternity and paternity leave, study leave, long service
awards, etc indicates the care of the employer for the employee thus making the workplace a better place to work in.
TACOS serves as the foundation for the Employee Handbook which is an addendum to the Offer of Employment letter. As in all benefits offered, there are hidden costs to the employer. P.O.D. assists clients to benchmark internally and externally what is good or best practices and also to quantify costs. Clients are guided as to official communications of revised employee benefits thus motivating them to put in better performance in the workplace.
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