BEE Consulting, ATR, WSP
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By Fortunate Masvinge | 12 April 2022
In accordance with the Skills Development Act, all registered employers with an annual payroll exceeding R500 000 are required to pay skills development levies and subsequently submit a Workplace Skills Plan (WSP) and an Annual Training Report (ATR). These submissions are to be made annually to the relevant Sector Education and Training Authorities (SETA) before the deadline of 30 April each year.The Workplace Skills Plan (WSP) outlines the existing skills shortage in a company and describes the steps a company will take to address the shortage through various training initiatives. The Annual Training Report (ATR) documents the progress made in implementing the previous year’s WSP.
Not only will compliance with submission requirements empower organisations to effectively plan for how they intend to fill their various skills gaps, this also contributes to organisations meeting the statutory requirements necessary to obtain BBBEE points for the priority element of skills development. Additionally, WSP & ATR submissions provide organisations with the opportunity to recover up to 69.5% of their SDL spend back from their respective SETAs through mandatory and discretionary grants. The grants funding are allocated as following:
Skills Development is one of the most critical elements of B-BBEE as it addresses the skills shortage in the country. In the revised B-BBEE Codes of Good Practice, it has been identified as a priority element and non-compliance with sub-minimum targets will result in a measured entity dropping one level on the scorecard
It is important to note that a measured entity will not score any points on a scorecard if they have not submitted Workplace Skills Plan and Annual Training Report. This makes compliance with Skills Development Act even more critical.
If you are having challenges with any aspect of Skills Development or simply do not have time to do the submission efficiently, our qualified Skills Development Facilitators can provide adequate support and ensure that you remain compliant.
• Identify existing skills, as well as skills gaps
Fortunate Masvinge
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