03 Mar The Skills Development – An Essential Pillar of the Codes
The Skills Development Pillar is an important aspect of the Codes of Good Practice. It is there to encourage business leaders to incorporate a focus on empowering suppliers and employees.
Skills development will form part of the path to social development and economic growth. There is much needed work creation and a sustained living for all. The Revised Codes encourage the training of black people, small black-owned suppliers and not specifically black employees. These training budgets will throw the spotlight on skills, training and learning. Entities can score points towards skills development if there is planning and implementation of programs to develop the skills of black people. Training approved by the relevant sector SETA will also ensure a good score when it comes to skills development.
It is important to implement these aspects into a company where the annual turnover is over R5 million but less than R35 million on the current BEE codes and over R10million but under R50million under the revised codes, for companies without black ownership. With a successful and proven skills development process, a QSE company can earn 25 points towards their scorecard. An organization or company that is turning over more than R35 million can earn 15 points towards their scorecard, based on the current BEE codes.
Skills Development will improve the skills of black employees. The total spend on skills and learning programs will depend on the total number of employees in the organization as well as the annual payroll. Workshops and conferences as well as training at the workplace can be implemented and points can also be earned if all black learners outside the company that have been trained are subsequently employed by any business on the revised codes.
BBBEE initiatives also encourage companies to help develop and do business with local suppliers. Companies can score compliance points by buying from small, black-owned companies.