The South African workplace is evolving rapidly, and with skills shortages on the rise, it’s time to evaluate whether your business is keeping up. Many employers overlook the Skills Development Act (SDA), and the benefits it offers, until it’s too late. Investing in skills development isn’t just about compliance; it’s about building a workforce that remains competitive and drives business growth.
Why should you care about skills development?
Many companies view skills development as yet another compliance checkbox, but the reality is far more strategic. When done right, it can:
- Close critical skills gaps in your industry
- Reduce employee turnover and increase retention
- Boost productivity and workplace efficiency
- Provide access to valuable SETA grants and incentives
What’s in it for you?
By submitting your Workplace Skills Plan (WSP) and Annual Training Report (ATR), you unlock financial benefits, including:
- Mandatory grants: Reclaim 20% of your annual Skills Development Levy (SDL)
- Discretionary grants: Claim up to 49.5% of eligible training costs for specific skills development initiatives
- B-BBEE scorecard boost: Improve your compliance rating through strategic skills investment
Is your business missing out?
If you haven’t reviewed your skills development strategy recently, you could be leaving money on the table. Many businesses fail to claim available grants simply because they don’t have the right processes in place. Are you one of them?
How HRTorQue can help
We simplify the complexities of skills development compliance, ensuring your business:
- Meets all SDA requirements
- Successfully submits WSPs and ATRs to the correct SETA
- Maximises financial benefits through strategic skills planning
- Develops tailored training programmes that align with your workforce needs
Don’t let outdated skills hold your business back. Chat with us today about your skills development strategy and ensure you’re taking full advantage of the benefits available. Contact us at [email protected] to get started!