The revised B-BBEE codes set in 2015 placed more emphasis on skills development, making it a priority element on the B-BBEE Scorecard.3<s/up>
The generic scorecard allocates 20 points – and 5 bonus points – to skills development, requiring a spend of 6% of leviable payroll to achieve maximum score.*
Companies need to provide targeted training, with
a maximum of 15% of total expenditure on internal and/or non-accredited courses.
There’s also a cap of 15% on training expenses, such as accommodation, catering, and travel.
The focus of skills development needs to be on accredited skills programmes: training that delivers credits towards a SAQA recognised qualification.
And, if companies don’t achieve a threshold of 40% – 8 points – they will be penalised by a drop of one level on their scorecard.
But, rather than considering skills development as merely compliance, the opportunity is to ensure that training always delivers to the bottom line.
As an accredited skills programme, YourBrand™ complies with all the skills development requirements of the B-BBEE scorecard.
- Proactively develops the skills required to deliver increased business performance and profit
- Provides a ladder of development that creates career paths, and facilitates career management and succession planning
- Drives employee engagement and retention
- Enables cost-effective implementation to increase return on investment