Important reminder: Workplace Skills Plan and Annual Training Report deadline looming – 30 APRIL 2019
Dear NEASA employer
According to the Skills Development Act 97/1998 and the National Skills Development Levies Act 9/1999, all employers whose annual payroll is above R 500 000.00 are compelled to, by no later than 30 April 2019, submit:
- a workplace skills plan
- annual training report
- pivotal training plan
- pivotal training report
The National Skills Development Strategy III Initiative is of paramount importance. When structured correctly, not only will employers be able to claim back 20% of Skills Development Levies paid to SARS as mandatory grants, but will also be able to gain access to discretionary grants.
In this scenario, employers are able to participate in the discretionary funding windows provided by various SETAs.
Benefits also include:
- increased market access
- skills enhancement
- increased productivity
- identify and align your company’s skills requirements
- improve on your B-BBEE scorecard
- access to Employee Tax Incentive discount with learnerships and youth employment
- tax rebates on learnerships (R 40 000.00 per learner on learnerships)
- contribute to your employment equity policy
As a business representative body, we realise the importance of this initiative and therefore support it. Consequently, we have appointed a panel of experts, not only to assist you with the compliance process, but also to grow your business and boost your bottom line.
The newly adopted National Minimum Wage Act 9 of 2018, makes provision for minimum allowances payable to learners / apprentices in Schedule 2 of the Act. These allowances will put a strain on most self-funded programs. Therefore, companies should ensure they obtain funding from their respective SETAs in order to fund their training needs.
Contact us to assist you with these services.
NEASA Labour Compliance (Pty) Ltd