Annual Skills Development grant submissions are due for by 30th of April 2019, and the system for all SETA’s is open for capture. In order to claim for funding from the Sectoral Education Training Authority (SETA) a company must submit a Workplace Skills Plan (WSP) together with an Annual Training Report (ATR). The Skills Development arena is fraught with acronyms and difficult to understand terminology. While speaking “SDF” is a skills all of its own, the function of being a SDF is a speciality in itself.
Skills Development Season is upon us as we head towards the 30 April 2018 deadline for submission of your Workplace Skills Plan for the 2018 / 19 period and your Annual training report for 2017 / 18.
Any employer who pays more than R500 000 a year in staff salaries (+- R42 000 / month) must register for and pay Skills Levies for approx.. 1% of your staff payroll.
Companies participating in Skills Development initiatives are required to submit their Workplace Skills Plan (WSP) and Annual Training Reports (ATR) by 28 April 2017.
Points can also be earned under the new BBBEE Codes for the Skills Development priority element pending successful submission of Workplace Skills Plan Annual Training Reports 2017
The value of developing meaningful WSPs & ATRs is multi-faceted. Apart from achieving compliance and earning financial rebates, these plans and reports can also add strategic value to a business. Companies can identify their true development requirements so that they can address skills gaps and shortages and earmark the right talent for growth in order to reach their strategic objectives.