ARE YOU READY FOR YOUR WSP-ATR SUBMISSION 30 APRIL 2017?
We can help!
As experts in the skills development field, Beulah Africa can assist you with the submission of your company’s WSP-ATR to your relevant SETA. With extensive experience and specialist skills development facilitation skills, Beulah Africa has the necessary means and tools to make your WSP-ATR submission process easier and more efficient.
WHY SHOULD COMPANIES SUBMIT A WSP-ATR?
The Skills Development Act (2008) requires companies/organisations with more than 50 employees or a total wage bill of more than R500,000 to pay SDL (skills development levies) to SARS on a monthly bases. SARS then distributes these funds to the respective SETA’s which in turn make funds available to its levy paying companies/organisations. Furthermore, the act requires companies to submit WSP-ATR annually to the company’s relevant SETA. The submission of this report is thus a legal requirement!
WHAT IS A WSP-ATR?
A Workplace Skills Plan (WSP) is a strategic document that articulates how the employer is going to address the training and development needs in the workplace during the coming year. An Annual Training Report (ATR) is a report that provides an overview of all training that took place during the previous year. This report consists of all the proof of expenditure for training that commenced in the previous year, details of the training providers used as well as proof of the employees that went for training that year (attendance registers and certificates).
THE ADDITIONAL BENEFITS OF SUBMITTING YOUR WSP-ATR:
1) Receive cash back to the value of 20% of your SDL as mandatory grants!
Mandatory grants can be claimed for training only if the WSP- ATR is correct and submitted on time. These grants can be up to the value of 20% of the total skills levy paid by the employer through an annual contribution 1% of payroll. (Did you know that even if you do not pay skills levies you are still be able apply to receive grants for training? Find out more by contacting us!)
2) Claim additional funding for training through discretionary grant programmes!
The submission of the WSP-ATR and claiming mandatory grants is also incentivised further. Organisations that meet timeous deadlines with qualitative reports stand to claim additional discretionary grants to fund their skills development initiatives. Companies can apply for funding for scares skills training within their industry.
3) Increased productivity and return on investment for training!
A skilled and trained workforce will result in monetary benefits such as labour savings, employee retention, reduction in lost workdays, improved employee morale and an increase in productivity. The drafting and implementation of a WSP enables companies/organisations to better manage human capital development within the company (and community).
Beulah Africa can also assit you to find custom solutions to manage your HRD programmes more effectively, optimizing your BBBEE scorecard and increase the financial benefits for your organisation. For more information and quotes, contact us!