This is a guest post by Carol Knox (see profile page) who is the Skills Programme Manager for the Institute of Chartered Shipbrokers South Africa Branch.. Their website address is www.icssa.co.za.. If you wish to write a guest post for this blog, please send details to hariesh@manaadiar.com.. Thanks..
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“Whatever you can do, or dream you can do, begin it. Boldness has genius, power and magic in it. Begin it now.” Johann Wolfgang von Goethe – Faust, 1835, translated from German.
By way of introduction, employers who pay PAYE are obliged by National Legislation to contribute 1% of their wage bill to the Skills Levy Fund. The Mandatory Claims portion of this fund enables employers to claim back 70% of this amount on educating current employees. Since most employers are not claiming this amount the funds become available for payment under the Discretionary Grant provision. This means that the Discretionary Funds become available to competitors who are investing in the knowledge and skills development of employees. Those companies who are not training are becoming weaker in a highly competitive market, especially in these harsh economic times.
If Skills Development Facilitators submit Workplace Skills Plans that include accredited courses from accredited providers such as the ICS, (TETA08-137) then companies can properly reclaim on their skills levies paid, and place themselves in a strongly competitive position when the economy “turns”. The signs are there that the “turn” is underway, with economists proclaiming a change of fortunes in the media.
If training budgets have been cut, then this is the time to fully make use of the Skills Development Fund. This is the magic moment, as the economy “turns”, to begin to train staff and secure a strong position for your company. Research has shown that employees who are trained experience improved employee relationships and become valuable staff who are able to align their personal goals with that of the company. Given these advantages, combined with meeting legislated equity and skills training targets, this is the moment to begin!
Call Carol Knox at ICS on (031) 207 8115 or e-mail: carol@ics.za.org
Website: www.icssa.co.za