Holistic TRAining solutions.
1. SETA DISCRETIONARY AND MANADATORY GRANTS SUBMISSIONS
In South Africa, the Sector Education and Training Authorities (SETAs) are established to ensure that the skills needs within specific sectors are identified and addressed through various training initiatives. Businesses can apply for two types of grants offered by SETAs: discretionary and mandatory grants.
Mandatory Grants: These are usually a percentage (1%) of the skills development levy that a company pays and are claimed back by submitting a Workplace Skills Plan (WSP) and an Annual Training Report (ATR) to the relevant SETA. The purpose is to incentivize employers to plan and report on their training initiatives. These windows are open annually between February and April. Pricing packages between R10 000- 25 000 depending on company size and staff count.
Discretionary Grants: These are additional funds that companies can apply for to support specific training initiatives that align with the SETA’s objectives and sector skills plan. The allocation of these grants is at the discretion of the SETA, based on the relevance and quality of the proposed training. The application process for discretionary grants is more competitive and requires detailed proposals. Application dates are usually between February and August across the respective setas. Pricing packages between R8 000 pa or R15 000 once off.
2. INTER-SETA TRANSFER
An Inter-SETA Transfer (IST) is a process that allows an employer to transfer their skills development levy contributions from one SETA to another. This might be necessary when a company’s operations expand into different sectors or when they change their primary focus, requiring alignment with a different SETA that better suits their training needs. The IST process ensures that the funding contributed by a company is used for the most relevant and effective training initiatives, benefiting both the employer and their employees. This task can be performed at any time of the year. The costs are R15 000.00 per IST performed.
Accredited Training
Learnerships and specialized company training for WSP/ATR recording as well as BEE compliance
- Skills development is a critical element of the BBB-EE scorecard. By investing in learnerships, apprenticeships, and specialized training for black employees, companies can earn valuable points under the skills development category. This is particularly significant for the development of previously disadvantaged groups in South Africa.
- Skills Development Levy (SDL): Companies paying the Skills Development Levy may claim a portion of their investment in training back through their SETA. This expenditure, particularly on learnerships for black employees, can significantly enhance a company’s BBB-EE rating by demonstrating their commitment to skills development and transformation.
Tax rebates: The tax incentives are structured to provide an initial allowance when the learner is enrolled in the learnership and a further allowance upon completion of the learnership. This not only reduces the company’s taxable income but also offsets the cost of investing in employee training.
Cost: We prepare a solution based on how many learners the company wishes to enroll, abled or disabled and whether it will be internal or external training. These will be on a per head cost.