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Labour Law Update 2008

Fasset PresentationAugust to September 2008

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• The average spend as a % of payroll in Europe 6 – 8 % USA 5% South Africa pre-1994 – 0.5% South Africa 2002 – 2.1% South Africa 2006 – 3% Accounting increasingly employing

foreign learners

Investment in Training

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Reasons for Scarce Skills

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Scarce Skills

OFO Code Occupation

Employment2007*

Retentionproblems

VacancyRates**

Upwardpressure

onSalaries

MANAGERS

135 Information and Communication Technology (ICT) Managers

135102 ICT Project Manager 190 √ 5.9  

PROFESSIONALS

221 Accountants, Auditors and Company Secretaries

221100 Trainee Accountant 13 910 √ 6.1 √

221101 Accountant (General) 13 300 √ 6.1 √

221203 External Auditor 2 880 √ 15.9 √

221204 Internal Auditor 580   8.3  

223 Human Resource and Training Professionals

223101 Human Resource Advisor 110   7.3  

223301 Training and Development Professional 260   5.9  

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Sector Profile

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Changes in Employment 2005 – 2007

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Labour Demand Projections 2007-12

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Learner Support Strategies

• Academic interventions• Non-academic and personal support• Student-to-student support• Interventions for lecturers• Bursaries and grants

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Learnership Cash Grant

• Due 31 March 2009 - 2008 calendar year SMME’s NLP’s Transformation objectives Scarce skills learnerships Higher amount for people with

disabilities - R27,000 vs R47,250

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Fasset Learnerships Examples

Title NQF Professional Body

Chartered Management Accounting

7 Chartered Institute of Management Accountants

Chartered Accountant 7 South African Institute of Chartered Accountants

Registered Bookkeeper 4 Institute of Certified Bookkeepers

National Diploma Technical Financial Accountant

5 Institute of Certified Bookkeepers

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Strategic Cash Grant

• Maximum of 20% of the SDL for expenses

• Due 31 March 2009 for training in the period 1 January to 31 December 2008

• 3 common claim – six areas available:

Internal bursaries (for employed staff) External bursaries (for unemployed

people) Workplace experience

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Free Training

August 2008• Labour Law Update 2008• Assessor Training

September 2008 • Labour Law Update 2008

October 2008• Performance Management• Managing Time & Stress

Effectively

November 2008• Managing Time & Stress Effectively• Talent Management

February 2009• Mentoring & Coaching

March • Budget & Tax Update

April • Budget & Tax Update• Introduction to the Role of the

Skills Development FacilitatorRegister

www.fasset.org.za

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Seta Benefits

Fasset Merseta Bankseta W&R Fieta CTFL

Discretionary Grant

Lifelong Learning

ABET

Voucher Scheme

Workplace Readiness

Employee Development

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Estimation of Benefits Example

Fasset Initiative Estimate Value

Mandatory Grant 50% SDL (R23K) R 11,500

Strategic Cash Grant 20% R 4,600

ABET – 1 learner R 5,000

Learnership Cash Grant – 3 trainees R 81,000

Fasset Skill Advisors R 2,000

Lifelong Learning – 12 events R 24,000

Total R 128,100

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Development Projects

• Geared towards addressing the poor demographic profile within the sector.

• The current workplace readiness projects : Bonani – accounting Thusanani – non-accounting Thuthuka Programmes University of Fort Hare Postgraduate Full time CTA Programme ORT CAT Work Readiness Programme

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Thank YouFor queries call

Fasset Call Centre

086 101 0001

www.fasset.org.za

Thank YouFor queries call

Fasset Call Centre

086 101 0001

www.fasset.org.za