Did you know that if your company has a salary bill of R500 000 or more per annum, you are required to submit a Workplace Skills Plan (WSP) and Annual Training Report (ATR) to your relevant SETA by the 30th April 2019?
A WSP is an important document for the organisation as it:
Helps the organisation to identify the relevant areas where skills are needed,
Helps the organisation to decrease on training and development costs by focusing on the relevant training that will address the identified skills gaps,
Outlines the interventions the organisation will put in place to address the training and skills development requirements in the company, and
Provides important sector information to the relevant SETA on employee profiles and their skills needs.
By complying with the Skills Development legislation, a company is granted access to SETA grants available for skills training such as mandatory and discretionary grants that will subsidize the company investment in its employees. Failing to comply will result in a negative impact on the organisation’s B-BBEE status and its Skills Development score.
A registered and qualified Skills Development Facilitator (SDF) is required to compile and submit the WSP to the SETA. Formulating the WSP and ATR can be a labour-intensive and time consuming process.
KG Business Development has experience in playing the role of SDF to assist businesses with the completion and submission of these plans. This enables the organisation time and internal resources to deliver on the company mandate and not worry about SETAs. For more information on how we can assist you, email info@kgbusiness.co.za