8 ways to maximise your B-BBEE points using skills development
As you know, the government made changes to the Broad-Based Black Economic Empowerment generic scorecard on the 1st of May 2015, and one the elements on it has to do with skills development.
It measures your skills development on black employees.
Having said that, here are 8 ways to maximise your B-BBEE points using skills development...
Way#1: Comply with the Skills Development Act
Make sure you register with the Sector Education and Training Authority (SETA) responsible for your industry.
Make sure you submit a training report and training plan before the 30th
of June each year.
The rating agency will discount all training for companies rated on the generic scorecard, even if you haven't submitted a Workplace Skills Plan (WSP).
NOTE: Submitting a WSP will entitle you to the standard grant which is currently 20% of your training levy, with additional PIVOT and discretionary grants. Available to companies who hand in a WSP/ATR.
Way#2: Plan your training to ensure you maximise your points for skills development
The Complete Guide to B-BBEE Amended Codes
With our team of BEE experts, we've created a tool that explains the new B-BBEE codes in detail, how they impact your business and what you can do now to implement the changes before you get penalised.
The Complete Guide to B-BBEE Amended Codes eReport:
· Outlines the changes to the B-BBEE amended codes introduced by government;
· Shows examples of how to calculate your scoring using the new codes;
· Explains the impact the new codes have for your business;
· Shows you the targets you need to reach to comply with the new scorecard; and
· Much more!
Get your copy now…
SETA needs submission of the WSP to be done by the 30th
of April each year.
Your training plan for the year should be in place by then.
Make sure training providers are accredited and that they give out certificates accepted by the SETA they are accredited with.
Way#3: Make sure your accounting system recorded all expenditure on training
The 3% of the leviable amount isn't just the invoiced cost of training. It includes all costs from training. This includes travel, accommodation, food, etc.
But remember that the amount you claim is based on training spent on black people.
Do you want to learn what the other 5 ways are to maximise your B-BBEE points using skills development? Then go to chapter B04: Broad Based Black Economic Empowerment: Skills Development in your Practical Guide to Human Resources Management.
If you don't already have this fantastic resource, click here.
Note: 5 of 1 vote