COMPANIES NEED TO PRIORITIZE BBBEE COMPLIANCE
Companies participating in Skills Development initiatives are required to submit their Workplace Skills Plan (WSP) and Annual Training Reports (ATR) by 28 April 2017.
There are many benefits to viewing this as much more than just a necessary act of compliance.
Smart and strategic skills development earns actual financial rebates for your business. Every year, there is the opportunity to recover up to 20% of the mandatory grant from the Skills Development Levies paid to SARS. Your WSP & ATR can also be used as an application for a discretionary grant for training in scarce skills.
Points can also be earned under the new BBBEE Codes for the Skills Development priority element pending successful submission of WSP & ATR.