Priority elements of the BBBEE scorecard
There are three priority elements on the BEE scorecard which companies must comply with for verification.
These elements are Ownership, Skills Development and Enterprise & Supplier Development. A Qualifying
Small Enterprise (QSE) must comply with at least two of the three priority elements, of which Ownership
is compulsory. A generic entity must comply with all three of the priority elements.
Skills development measures the extent to which companies carry out initiatives designed to develop the
competencies of black people internally and externally. The sub-minimum requirements for skills development
are 40% of the total weighting points for skills development which, on the generic scorecard, is 20 points.
EMPLOYMENT TAX INCENTIVE (ETI)
As a way to attract and encourage companies to employ youths, government introduced ETI as an incentive
tax scheme to reward companies that are driving the economic transformation agenda.
So, what are the Benefits of ETI:
It will enable the government and employer to share the cost of hiring young people, by allowing you to reduce
the amount of Pay As You Earn (PAYE) you pay while leaving the wage received by the employee unaffected.
It enables employers to claim the incentive for a 24 qualifying month period for all employees who qualify.
Learnerships are designed to bridge the gap between work experience and educational learning which
ultimately leads to the learner obtaining a recognised NQF qualifications.
Benefits of Learnerships
Training is relevant to business needs
Improved skills and work performance
Achievement of Employment Equity objectives
Appropriately Trained Recruitment pool of potential Employees
Increased return on investment in Training
As well as Claims from SARS for the learnerships – please speak to one of our consultants regarding this.
Bee Professional will assist in the collaboration and engagement of learners and Learnership Programmes.