As the HR Manager of your company, you already know all about the B-BBEE Scorecard and how important it is for the company to score high. But do you know exactly how to improve your B-BBEE Scorecard after the B-BBEE Codes were amended? The government implemented amended codes and your company can be penalised if you do not adhere to them. These amended codes addressed various shortcomings to the previous codes and it is extremely important that someone in your company understands how to improve the company’s scorecard with the amended codes.
The amended version replaced the previous seven-pillared structure of codes and placed emphasis on the following: Ownership, Management Control, Skills Development, Enterprise and Supplier Development, and Socio-Economic Development. Extra emphasis was placed on the areas of Ownership, Skills Development and Enterprise and Supplier Development. Skills Development weighs in at a whopping 20 points of the scorecard and you could even potentially add 5 more points in this area.
Revised scorecard from the DTI, found at https://www.thedti.gov.za/economic_empowerment/docs/bee_launch.pdf
Learnerships – The Way Forward for your Scorecard
Learnerships is a part of the National Skills Development strategy and the perfect choice for companies looking to improve this B-BBEE scorecard. Because of this, the government has decided to legislate that companies have to do learnerships to empower human resources and ensure that employees are equipped to do their jobs more effectively. To achieve this, it was decided that 6% of a company’s annual payroll is to be spent on learnerships.
What are Learnerships?
Learnerships are nationally accredited one-year programs combining both classroom training and practical, hands-on workplace experience. There are two different types of learnerships. One is for unemployed persons and the other is for persons already employed in companies.
For more information on learnerships and how to improve your B-BBEE scorecard, contact us by filling out the form on the contact us page and we can help you achieve success.
I-Fundi Article by Susan Long