As a union negotiator, you know this truth: knowledge is too important to leave in the hands of the bosses. The more prepared you are, the stronger your position at the bargaining table.
Bargaining Benchmarks offer a series of benchmarks to help negotiators enter into bargaining processes as informed role players.
A sneak peek at some of the topics covered:
Inflation: We all know prices are increasing, but what does that mean for workers’ bargaining and buying power? Access simplified inflation data to enhance arguments for wage increases that keep pace with the rising cost of living.
Producer Price Index (PPI): PPI can help us anticipate potential price increases and factor them into negotiation strategies.
Unemployment rate: latest figures on unemployment rate, a key indicator of the labour market’s health.
Economic growth and GDP: a broader perspective on South Africa’s economic growth, highlighting the sectors driving or dragging performance.
Household Food Basket Index: Data from the Pietermaritzburg Economic Justice and Dignity (PMBEJD) Household Affordability Index, which specifically tracks food price inflation for low-income households.
Wage indicators: wage data on LRS Actual Wage Rates Database (AWARD) shows median wage increases across sectors. In the third quarter of 2024, the overall median wage increase was 7%, with standout sectors like agriculture and mining. How did your sector perform?
