Cape Business News | 1 March 2023
Pic source: https://neasa.co.za/2023-skills-development-submission
IT is time to submit your annual Workplace Skills Plan/Annual Training Report again. Do not delay and start early with your preparations to ensure a successful submission for your company.
Companies can qualify for skills development incentives by submitting an Annual Workplace Skills Plan (WSP) and Annual Training Report (ATR). By submitting this report, businesses will benefit in the following ways:
qualify to claim back a ‘mandatory grant’ of 20% of your Skills Development Levy (SDL);
maximising points earned under the Skills Development priority element for BEE;
highlighting skills gaps in your organisation – the difference between the skills required for a job and the skills employees actually possess;
implementing training to minimise these skills gaps; and
applying for ‘discretionary grant’ funding to address ‘critical and scarce skill shortages’ identified in your industry.
The deadline for the submissions is 30 April 2023.
‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’.