Building and Maintaining a Team July - August 2010 Fasset Update 1.

Building and Maintaining a Team

July - August 2010

Fasset Update

1

Scarce Skills

• Trainees to qualify as accountants and auditors

• Bookkeepers and accounting technicians

• Financial officers, SCM

• Support staff in public sector

• Internal auditors

• Taxation practitioners (local and international)

• Managers in finance and accounting

2

Fasset Grants UpdateOutgoing Incoming

Deadline

Mandatory Grant 30 June 2010* 30 June 2011

Old

Learnership Cash Grant 31 March 2011 31 March 2012

Strategic Cash Grant 31 March 2011 31 March 2012

New

SMME Grant 31 March 2011

Assessor Grant 31 March 2011

* or within 6 months of registration as a new firm

3

Pilot Small Medium and Micro Enterprises (SMME) Grant • Due 31 March 2011

• Based on need to support

SMMEs who do not traditionally

participate in learnerships

• Amount will be limited to R11,000

per five employees employed in

the SMME organisation

Size Amount

1 – 5 R 11,000

6 – 10 R 22,000

11 – 15 R 33,000

16 – 20 R 44,000

21 – 25 R 55,000

26 – 30 R 66,000

31 – 35 R 77,000

36 – 40 R 88,000

41 – 45 R 99,000

45 – 49 R 110,000

4

Assessor and Moderator Grant

• Reimburse cost of training, provided the assessor or moderator registers against a Fasset qualification

• The assessor requires approval from the relevant professional body

• Application form available on website

5

Learnership Cash Grant (LCG)• Fasset offers a LCG for black and/or disabled learners on

selected Fasset learnerships

• Grant is applicable to firms employing fewer than 150 people

• Maximum of 10 approved grants will be allowed per employer

• Learners registered during 1 Jan – 31 Dec 2010, apply for LCG on 31 March 2011

• First-come first-served basis

• Tax deduction changes

6

Strategic Cash Grant (SCG)• Due 31 March 2011

• Subject to capping

• Change in criteria

• White women acceptable for certain criteria

• No extensions

7

Strategic Cash Grant (SCG)• External bursaries

• Financial support (internal bursaries)

• Quality-assured and structured workplace experience

• Workplace experience

• Learnerships

• ABET

8

Free Lifelong LearningFeb 10 Managing Change

Feb 10 Essential Office Etiquette

Mar 10 Budget and Tax Update (2010)

May 10 Role of SDF (2010)

Jul - Aug 10 Building and Maintaining a Team

Sep - Oct 10 Complying with Changes in Legislation

Nov 10 Return on Investment

Feb 11 Assertiveness

Mar 11 Budget and Tax Update (2011)

Apr 11 Role of SDF (2011)

• Register at www.fasset.org.za• Attendance certificates available for download

9

Development Projects• To address the shortage of professionals in the sector

• Funded workplace programmes includes soft skills, financial skills, technical and/or academic skills

• Learners are black and/or people with a disability

• 70% placement minimum requirement

• Employers may apply for the LCG for these learners

• www.fasset.org.za

10

Current Work Readiness Programmes

• GTCSS Bonani produces Professional Accountants at NQF 6

• GTCSS Phakamani produces Accounting Technicians at NQF 5

• SHA Thusanani produces various support staff (project managers, HR practitioners, IT specialists, etc) at NQF 6

• IRBA 2010 Bridging Support produces Registered Auditors at NQF 7

• Thuthuka Repeat QE and Small Practices Programme produces Chartered Accountants at NQF 7

11

12

Seta Landscape

• Move to the Department of Higher Education and Training provides an opportunity to ensure that education and training is more closely aligned

• Status quo will remain unchanged until March 2011

• Public hearings held regarding Seta landscape

• NSDS III was released for public comment

• Sector Skills Plan (SSP) to be submitted 31 August – strategic plan for 5 years

Thank you

For more information please contact the

Fasset Call Centre

on 086 101 0001

or visit www.fasset.org.za

13