You can claim up to 50% of the SDL (Skills Development Levy) paid in a year back from your SETA by simply submitting a skills development plan to the SETA by the 30th of June each year. Skills development documents are due to the SETA by 30th June each year and no late submissions will be allowed!
A SETA (Sector Education and Training Authority) is a body that governs the training for the sector. There are SETA’s for the different sectors such as FASSET (financial and accounting); BANKSETA (banking); CETA (construction) etc.
According to the Skills Development Act and Skills Development Levies Act, organisations with an annual payroll of R500 000 or more should be registered for SDL and submit a skills plan to the SETA each year.
Is my organisation registered for SDL? With which SETA are we registered with?
Your EMP201 will give you an indication whether your organisation is making payments towards SDL. Use the list of SETA codes and SIC codes to identify the name of your SETA after finding the SETA code on your EMP201.
It is thus a legal requirement to compile and submit a workplace skills plan. The Government has announced plans to audit the development and implementation of skills plans in future to ensure compliance with the Skills Development Act. It is thus vital that your organisation have your skills plan in place.
This is an easy way to claim back some of the money you have paid over during the year. Many organisations regard the money that they claim back from SDL as their training budget for the year. In this manner, you can implement needed training interventions without spending more than what is already available.
GSC can assist you with the following:
– Identifying the SETA you are registered;
– Registering a SDF (Skills Development Facilitator);
– Conducting a skills audit to determine the organisation’s skills needs as well as the current skills of the employees.
– Developing a workplace skills plan;
– Establishing a skills development committee (by law a company with 50 or more employees need to establish a skills development – – – committee and consult with the committee in terms of the plan);
– Consulting with the skills development committee with regards to the skills plan;
– Recommending suitable training courses; and
– Submitting the skills plan to the relevant SETA.
– Arranging learnerships
Skills development does not need to be a burden that you try to avoid. It can ensure wonderful return on your investment if implemented well.
We can assist you to coordinate your skills development and employment equity process in order to ensure that you comply with the required law in the most cost and time effective manner and increasing your BBBEE score.