How to make the SETAs work for your business
Sector Education and Training Authorities (SETAs) are primarily funded by the skills development levies paid by South African companies with payrolls of over R500 000. However, companies narrowly viewing the SETA governing their industry just through the lens of compliance may very well be missing out on optimising on the various benefits built into their statutory obligations.
This is the view of Richard Rayne, CEO of iLearn – a leading South African learning solutions company, who explains that there are tangible gains to be made that range from yearly rebates and boosted B-BBEE scores to strategically setting your business on a road to success.
“Firstly, it’s important for businesses ranging from the largest corporations to qualifying SMEs to really understand the role of the SETAs,” comments Rayne, “The context of addressing skills shortages in South Africa is far from just a Government concern. It impacts directly on the present and future achievements of businesses, big and small.”
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