Mandatory grants are paid back to companies on their timeous submission of a complete annual Workplace Skills Plan (WSP) and Annual Training Report (ATR). A mandatory grant is 50% of the skills development levy a company has paid to SARS.
The WSP is a document describing the skills needs of a company’s staff and the training plans management wishes to implement.
The FP&M SETA stressed that mandatory grant applications should include a WSP for the period April 2014-March 2015 and an ATR for the period April 2013-March 2014.
Firms with 50 or more employees must also submit a PIVOTAL (professional, vocational, technical and academic) Training Plan and Report as part of their submission.
For more information, contact 011 403 1700, 021 462 0057 or 031 702 4482. Website: www.fpmseta.org.za.