Four changes to the Skills Development Expenditure and how to implement them.
Change ushers in opportunity.
We are not BEE consultants. We are not here to advise or assist you with your rating. We are here to help you understand how the Skills Development portion of the scorecard has changed so that you can adjust your sails accordingly. The journey ahead needn’t be rough if you are well equipped.
- Skills Development Expenditure on Bursaries
- (WSP) Workplace Skills Plan must be submitted
- Bonus points don’t count
- Category F & G training programmes increased from 15 to 25%
1. Reach Your Target with BursariesHave you incorporated bursaries into your Skills Development Expenditure?
Did you know you can claim for training costs of people who are not employed by your company? Bursaries, learnerships, apprenticeships and internships are great ways to diversify your training spend, and stipends count as a training expenditure.
3.5 % on Unemployed, and
2.5% on Employed
“Skills Development Expenditure on Learning Programmes specified in the category’s listed in the Skills Development Element Scorecard for black people as a percentage of Leviable Amount,” and “Skills Development Expenditure on Bursaries for Black Students at Higher Education Institutions” And
“Number of black people participating in Learnerships, Apprenticeships and Internships as a percentage of total employees,” and “number of black unemployed people participating in training specified in the learning programme matrix as a percentage of number of employees”.
Make sure that your training counts by using a training provider that is accredited and registered with the Department of Higher Education and Training for the Bursaries element.
2. Workplace Skills Plan must be submitted
The following criteria must be fulfilled in order for the measured entity to receive points on the Skills Development Element scorecard:
- Workplace Skills Plan, an Annual Training Report and a Pivotal Report which are SETA approved
- Implementation of Priority Skills programme generally, and more specifically, for black people
What does this mean?YOU have to plan ahead.
Companies who properly plan their training will benefit more than those who rush around at the last minute trying to get their training in order before the annual review.
Why leave training for the last minute?
“Forewarned is forearmed: If you know about something before it happens, you can prepare for it.” If you make training a priority on your annual calendar, you never have to worry about the verification process again. Be wise and plan.
3. Bonus points don’t count
Bonus points have been excluded; they are no longer available to bail you out should you face a drop in your BEE scorecard level. You need a minimum of 40%.
Partner with us, we make great travel companions. We are used to navigating uncharted seas. Having been in the business of skills development and training for 27 years gives us an edge over our competitors.