Focus on BEE Training
Why Focus on BEE Training?
Any company still ignoring the importance of B-BBEE compliance is not reaping the benefits of a good BEE score. Government grants, incentives, and tax rebates are but three ways in which a B-BBEE compliant firm benefits. Apart from gaining a competitive edge over companies that are not yet B-BBEE compliant when tendering for government contracts, there is also the issue of B-BBEE compliant firms preferring to do business with suppliers and partners that have good BEE scores.
In order to survive in the current economic climate, it is essential to become B-BBEE compliant. One of the easiest and best ways to go about this is to focus on the priority elements. Skills development is one of the important elements. It thus makes sense to invest in BEE training in order to up your firm’s BEE score.
Instead of perceiving learnerships as a means towards compliance, ask how your company can ensure that your investment in BEE training can help you gain maximum B-BBEE points and make you more competitive. If you understand how BEE training can benefit your firm, you will start to develop the skills of disabled and black employees in your firm and potential candidates to ensure that the skills they gain can help boost the performance of your company. Investing in BEE training helps your firm to retain talented workers.
Learnerships will become an excellent tool to attract new employees. Instead of recruiting just based on colour, you will recruit those candidates proven to have superb potential. Of course, with the various incentives that include tax rebates, your firm also benefits financially if you invest in relevant BEE training initiatives.
To gain maximum benefit from your BEE training initiatives, you need to ensure that your skills development spending is done according to demographic representation. You need to spend the right percentage of your annual payroll on skills development. It is thus essential to calculate what needs to be spent and on which candidates according to their demographic representation.
You cannot simply spend the skills development investment on black people and hope to get a good BEE score for your training initiatives. You have to avoid overspending on BEE training regarding a specific demographic category. Indeed, you will not gain additional points. Instead, you can even miss out on points. It is thus imperative to make use of expert guidance in the selection of BEE training and candidates for such skills development.
It is furthermore essential to conduct competency reviews in addition to the analysis of what training needs to be completed by employees. Doing the above will help your firm to connect relevant employees with training programmes and help you focus on the right skills development spending. You need to analyse the demographics of your employees to establish which BEE training solutions to apply and who to enrol in training.
Part of achieving a good BEE score in terms of skills development entails the training and employment of black disabled candidates. With almost a tenth of the South African population falling within the disabled category, it is not difficult to find suitable candidates for BEE training and employment. Indeed, it has been reported that only about 1% of the disabled candidates currently succeed in getting employment. By investing the right percentage of BEE training spend on black disabled candidates, your firm thus helps to open doors for disabled candidates and can benefit from advancing your BEE score, in addition to getting incentives for doing so.
Get expert guidance on how to maximise BEE score points regarding skills development. Make use of our consultation services and training solutions.