The only legal requirement in terms of skills development is the Skills Development Levy (SDL). All companies that have an annual payroll expense of R500,000 or more has to pay a SDL of 1% of total payroll over to SARS, this then gets redistributed to your relevant SETA. A company can however lay claim on up to 70% of their SDL on an annual basis. We assist our clients with all the requirements that is needed to be able to recover these grants.
The process is kicked off by submitting your annual Workplace Skills Plan (WSP). This document includes details of the business, staff as well as all training that is planned for the relevant year.
At the end of each year an Annual Training Report (ATR) has to be submitted. This document now confirms all training that has been done for the year. If this document matches or exceeds the planned training for the year as submitted in the WSP, our clients are entitled to receive back up to 70% of all Levies paid throughout the year.
Nexim will also provide our clients with all training as set out by your relevant seta as a minimum requirement in terms of receiving your grants. Nexim can offer our clients live training or facilitator packages. Facilitator packages are courses presented in a booklet form and backed up by audio visual material. This enables staff to do the courses in their own time or during business hours when time is available.