Learnerships can support workforce development while contributing towards your B-BBEE Skills Development score, and qualifying registered learnerships may earn section 12H tax allowances. Here’s what to consider.
In the dynamic landscape of South African business, skills development within companies is not just a desirable attribute but a legal obligation. Just as the Financial Action Task Force (FATF) sets standards for global financial systems, South Africa's legislative framework requires companies to prioritise skills development. Non-compliance can lead to significant penalties, similar to those faced for not adhering to beneficial ownership regulations. What does Skills Development mean within a...
Learnerships are a crucial part of South Africa’s development, as they help develop skills, knowledge, and competencies that are essential for creating a competitive workforce. Learnerships are important in South Africa, where the economy is transitioning, and the need for skilled workers is increasing. Learnerships increase the level of productivity in the economy because workers who have been trained are more likely to be even more productive than those who have not had the same level of...
In the fast-paced world of business, our daily tasks often resemble a battlefield. Priorities clash for our attention, and Monday morning meetings serve as constant reminders that quality should be at the heart of our work ethic. Yet, amidst our overflowing schedules, it's easy to overlook the invaluable role of continuous training. Not only does it enhance the skills of our workforce, but it also provides a tangible financial benefit to our companies through grants. But which grant should we...
Does your business have an annual payroll of above R 500 000? If so, then every month, 1% of your payroll expenditure goes to SARS in the form of a tax called the Skills Development Levy (SDL). The SDL is a tax on employers in South Africa, that funds employee training and development programs. The levy is intended to help employers improve the skills of their workforce, which can lead to increased productivity and competitiveness. How do you claim back a part of this SDL from SARS? Claims are...
Today, we're diving into an exciting topic about empowering the next generation of South African workers. We're talking about skills development for youth employment, and indeed, it is a real game-changer. So, my fellow South Africans, buckle up and get ready to be inspired. Finding employment can be as challenging as navigating a busy intersection during rush hour in this fast-paced world. South Africa has been grappling with high levels of unemployment, with the youth being one of the...
The outcome of the analysis must inform the numerical goals and the annual numerical targets and, according to the EAP (Economic Active Population), weighted more towards under-represented designated groups when conducting their Employment Equity Plan as per requirement by the Department of Labour. As per the Employment Equity Act (EEA), 55 of 1998, as amended, issued in terms of Section 25(1). Designated Groups mean: “Black people, women and people with disabilities who are citizens of the...
In the hustle and bustle of a post - COVID-19 world, our E-Learning offers the answer with various on-demand training courses that are only a few clicks away. E-Learning embraces and overcomes 21st century challenges and encourages employees to get acquainted with digital thinking and improve their understanding with a hands-on approach to technology and the platforms enabling additional employee development. All that is needed is a smart device or personal computer, an internet connection,...
SEESA Skills Development Facilitators Chuma Mzileni and Sasha-Lee McCay discuss the process to be followed by a first-time designated employer for Employment Equity and when the first reports must be submitted to the Department of Labour. Click on the play button below to listen to our podcast! Interested in having your own SEESA Skills Development Facilitator to assist your business? Signup Today! Contact your nearest SEESA office. Alternatively, leave your contact details on our website at...
SEESA Skills Development Facilitators, Juanelle Mare and Marius Wiese discuss various methods companies can utilise to ensure that their recruitment and promotion procedures are in line with the requirement of the Employment Equity Act and look at its importance. Click on the play button below to listen to our podcast! Should you require additional information, please contact your SEESA Skills Development Facilitator, alternatively, leave your contact details on our website at www.seesa.co.za...