Your Guide to Submitting Your 2023 Workplace Skills Plan

At Red & Yellow Creative School of Business, we understand the critical role that workplace skills plans (WSP) play in driving business growth and success. That’s why we want to remind you of the upcoming WSP submission deadline for 2023.

If your company has an annual payroll exceeding R500 000, submitting a WSP to the relevant Sector Education and Training Authority (SETA) is mandatory. The WSP is a powerful tool for identifying skills gaps and developing strategies to address them through targeted training and development initiatives.

The WSP submission deadline for 2023 is 30 April, and failing to meet this deadline may result in penalties and the loss of eligibility for discretionary grants from SETAs.

We’re here to help you stay on track with your WSP objectives. Our comprehensive range of custom training and development programmes are designed to equip your employees with the skills and knowledge they need to succeed in today’s fast-paced business environment.

Don’t let the WSP submission deadline pass you by – contact us today to learn more about how Red & Yellow Creative School of Business can help you meet your WSP objectives and drive long-term success for your business.

Submitting a Workplace Skills Plan (WSP) can have significant benefits for your organisation:

• You become eligible to recover 20% of your skills spent as a Mandatory Grant allocated from Skills Development Levies paid to SARS. This can result in substantial cost savings for your business.
• Submitting a WSP makes your organisation eligible to apply for Discretionary Grants from your affiliated SETA. These grants can provide valuable funding to help you implement your skills plans effectively, including Learnerships, Internships, or Skills Training Programmes as indicated on submission of the WSP and ATR.

By taking advantage of these benefits, your business can improve its skills development initiatives and boost its bottom line. Get in touch with Red & Yellow today and we’ll help you get started on your workplace skills planning.

Failing to submit a Workplace Skills Plan (WSP) and Pivotal Report can have serious consequences for your business. While it is not compulsory by law, neglecting to submit these documents can result in a range of adverse outcomes, including the following:

• Firstly, your organisation may earn zero points for the Skills Development element on the B-BBEE scorecard, which could have a negative impact on your overall score.
• Secondly, you risk forfeiting your Mandatory Grant, which amounts to 20% of your Skills Development levies spent to SARS, as well as Discretionary Grants. This means you may miss out on valuable funding opportunities for learnerships, internships, and other training interventions.
• Lastly, you may face unsuccessful tender bids as many tenders require rigorous pre-qualifying criteria such as the submission of a WSP. This can limit your business’s growth potential and revenue.

Get in touch today and we’ll help you get the most out of your WSP strategy.