Complying with Changes in Legislation Fasset Presentation May to June 2008

The average spend as a % of payroll in A European company is 6-8% A USA company is 5% In South Africa is about 0,5% Are we spending more on training? In SA we import welders from Malaysia? Did you know….?

Ask Yourself, Why Training?

Skills Development Act Purpose Develop skills of SA workforce  investment in education & training Encourage employers to use workplace as active learning environment Provide opportunities for employees to acquire new skills

Role of Fasset Provision of grants Registration of learners and learnerships Quality assurance of training providers & assessors Addressing skills shortages & needs

Scarce & Critical Skills Scarce skills People to fill job vacancies Critical skills Specific skill that is ‘critical’ to the full functioning of a person in their job  How are scarce and critical skills supported?

Money-Go-Round 20% National Skills Fund Department of Labour 80% Allocated to relevant Seta 10% 70% Seta Admin Available for Grants 50% 20% Mandatory Grant 30 June Strategic Cash Grant 31 March 100% Paid to SARS Unclaimed SDL goes into discretionary projects decided by the Management Board

Learnership Cash Grant Due 31 March 2009 Supports: SMME’s NLP’s Transformation objectives Scarce skills learnerships Higher amount for people with disabilities

Learnership Benefits Qualification with theory & practical Grants Learners exempt from SDL Tax rebates for all learners

Fasset Learnerships Examples Title NQF Professional Body Chartered Management Accounting 7Chartered Institute of Management Accountants Certificate in Business Accounting 5Chartered Institute of Management Accountants Registered Bookkeeper4Institute of Certified Bookkeepers Nat. Diploma: Technical Financial Accountant 5Institute of Certified Bookkeepers

Free Training May Changes in Legislation Assessor Networking Event June Changes in Legislation July Latest Trends in Recruitment & Selection Assessor Training August Labour Law Update September Labour Law Update Performance Management October Emotional Intelligence November Mentoring and Coaching Register

Fasset Benefits Summary SDLNLP Mandatory Grant Strategic Cash Grant Learnership Cash Grant Lifelong Learning Fasset Skills Advisors Development Project Beneficiaries Adult Basic Education & Training

Thank You For queries call Fasset Call Centre