South African employers have until 30 April to submit their Workplace Skills Plan (WSP) and Annual Training Report (ATR) to their respective Skills Education Training Authority (SETA).
HR and HCM solutions market leader CRS Technologies explains that employers with a total salary bill of R500 000 + over a 12-month period are required to pay SDL levies to SARS every month.
SARS distributes these fees to the respective SETAS which in turn get allocated to grants.
CRS Technologies has the resources and expertise to help employers get money back for their investment in employees.
Nicol Myburgh heads up the HR Business Unit at CRS Technologies and says up to 20% of the invested monthly amount can be claimed back from SETAs for all training, including internal training expenditure, to develop employees.
SETAs offer mandatory grants to employers investing in their employee development, and discretionary grants are also granted to develop scares skills.
Myburgh says CRS Technologies is ideally positioned to help companies with the successful submission of their SETA report.
“This is a relatively intense process that requires a meticulous approach to gathering and applying information. The legislation is extensive and must be carefully considered in being able to compile the workplace skills plan and annual training report. This is where CRS Technologies can help – we help our clients understand the legislation and its impact, and also advise them on the best practice process to compliance,” Myburgh adds.
By ensuring successful report submission, companies can optimise their BEE score, increase the financial benefits and increase compliance with legislation and reducing the risk of non-compliance.
CRS Technologies reminds the market that an investment in the skills of their employees equates to an investment in the business and an investment in the economy.