IS THE SOUTH AFRICAN PUBLIC SERVICE READY TO EMBRACE GLOBALIZATION: INTRODUCTION(2)

Public human resource management is confronted with the challenge to fill senior and high profile positions especially in the field of financial management in the public sector and, in that context, has to accomplish a strategic role in the success of the public service. Institutions that do not place particular emphasis on attracting and retaining talent will find themselves with dire consequences, as talented staff may leave and be absorbed in the private sector or go abroad. In the light of this situation, heads of departments in the public service strategically manage their human resources. The scarcity of skills, locally and globally, forces institutions to become more adaptable, resilient, agile and community-focused in order to provide effective and efficient service delivery. The public human resource practitioner has to adapt to become a strategist in the institution (Mhone & Edigheji, 2003:90).

Public human resource management is changing from being a local activity into a global function. The future role of public human resource management, as intellectual capital is becoming the main generator of wealth for both individuals and the government. In this context, the South African public service has embarked, currently, on transforming its public human resource management systems to cope with the changing environment in order to fulfil the staffing needs. Some of these public human resource management functions include improving of service delivery, recruitment, selection, induction, orientation, mentoring, coaching, education, training, development, labour relations, employment equity and employment assistance programme (EAP). Service delivery has always been the raison de etre of the public service in a democratic dispensation.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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