fbpx

Should my Small Business submit a WSP/ATR before 30 April?

Share on facebook
Facebook
Share on linkedin
LinkedIn

Are you wondering if it’s worth the effort of submitting your WSP/ATR during this year’s Skills Submission period? Our team always recommends that clients complete these submissions, even if they never have before.

Here are 5 top reasons to submit your WSP/ATR this year:

  1. You want to complete your B-BBEE Verification in your financial year: If you are planning on participating in BEE and completing a verification, then you absolutely need to submit during this Skills Submission period. If you do not submit your WSP/ATR, your Skills Development element will not be verified for B-BBEE purposes.
  2. You have mandatory training to implement: If your organisation needs to implement mandatory training required by your industry or sector or OHS legislation, you can gain Mandatory Grant funding from SETAs when you submit your WSP/ATR before 30 April. This means your mandatory training will be in part or wholly funded by your SETA and your business does not need to incur the training expenses.
  3. You would like to upskill your teams with discretionary, additional training: Planning for additional training in your WSP will make you eligible for SETA Discretionary Grant funding to upskill your teams and increase your productivity.
  4. You want to implement unemployed or employed Learnerships in your company: By planning for Learnerships, you could be eligible for SETA Discretionary Grant funding to fund these projects, allowing you to contribute to job creation and skills interventions.
  5. You have 50 or more employees: These companies are mandated by law to submit their WSP/ATR during the Skills Submission period. If you regard your operations as “small” but you employ over 50 people, then you must complete this submission.

Is your business COVID-ready?

Our COVID-19 Safety Files makes it easy - over 100 pages of every policy and template you need