There are many benefits applicable if registered and compliant with the SETA. This may include Discretionary Grants, Pivotal Grants and Mandatory Grants. Some of these Grants could be allocated to companies based on SAQA accredited Learnerships or Shorter Skills Programmes.
Furthermore, the BEE Codes require confirmation of SETA registration and the submission of certain plans and reports to the relevant SETAs. This depends on the size of the business.
The Workplace Skills Plan (WSP) is one of the most powerful tools delivered to employers through skills development legislation. It is aimed at business expansion and sustainability. It is completed by companies with information specific to their business and the sector in which they operate.
The intention of Mandatory Grants is to incentivise employers to:
- Plan & implement training for their employees
- To create training and work experience opportunities for unemployed people
Mandatory Grant Applications (WSP) are funded by 20% of the total levies paid by the employer who submits a Mandatory Grant Application. A mandatory grant is paid once the WSP have been received, assessed and approved by the Regional Offices of the SETA.
The requirements for a levy paying employer claiming a mandatory grant must meet the eligibility criteria for the payment of a mandatory grant if: An eligible employer:
- Has registered for skills development levies;
- Has paid the levies in the prescribed manner (minimum threshold R500k per annum);
On this subject, Gestalt Strategies offers the following services:
Gestalt Strategies can either assist or manage the completion of:
- Workplace Skills Plans
- Annual Training Reports
- Pivotal Reports
- Implementation of Priority Skills programmes
- Trainee tracking tools
These ensure compliance to legislation, achievement of equity within your organisation and linking this to your overall transformation strategy and B-BBEE scorecard.