FRTC helps our clients go through the process of getting SETA funding, so that they can upskill their staff with various learnership programmes.
FRTC helps our clients go through the process of getting SETA funding, so that they can upskill their staff with various learnership programmes.
The service FRTC offers to existing clients is to consult with all clients and optimise the probability of receiving SETA funding for up-skilling staff with various learnership programmes. We assist clients by providing advice on WSP & ATR submissions, and completion of the funded applications to ensure clients can secure SETA funding.
• Many companies do not realise that the SETA’s administration absorbs only 10% of their allocation of the SDL, while 20% funds the mandatory grant given to companies who submit their Workplace Skills Plans, Annual Training Reports and Pivotal Training Plans. The remaining 50% goes into the SETA’s Discretionary Fund which provides companies with the opportunity to apply for and receive SETA funding towards the implementation of special training projects and Pivotal Training programmes, such as learnerships.
• A learnership is a feasible alternative to more costly and arduous training interventions. It can be an ideal training solution for corporate organisations and SMEs alike.
• Learnerships help companies to improve B-BBEE scores; claim back on skills development spend; benefit from tax rebates; grow talent in line with business strategy; and prepare unemployed individuals for potential recruitment.
