1 Labour Law Update 2008 Fasset Presentation August to September 2008

2 The average spend as a % of payroll in Europe 6 – 8 % USA 5% South Africa pre-1994 – 0.5% South Africa 2002 – 2.1% South Africa 2006 – 3% Accounting increasingly employing foreign learners Investment in Training

3 Reasons for Scarce Skills

4 Scarce Skills OFO CodeOccupation Employment 2007* Retention problems Vacancy Rates** Upward pressure on Salaries MANAGERS 135Information and Communication Technology (ICT) Managers ICT Project Manager190√5.9 PROFESSIONALS 221Accountants, Auditors and Company Secretaries Trainee Accountant13 910√6.1√ Accountant (General)13 300√6.1√ External Auditor2 880√15.9√ Internal Auditor Human Resource and Training Professionals Human Resource Advisor Training and Development Professional

5 Sector Profile

6 Changes in Employment 2005 – 2007

7 Labour Demand Projections

8 Learner Support Strategies Academic interventions Non-academic and personal support Student-to-student support Interventions for lecturers Bursaries and grants

9 Learnership Cash Grant Due 31 March calendar year SMME’s NLP’s Transformation objectives Scarce skills learnerships Higher amount for people with disabilities - R27,000 vs R47,250

10 Fasset Learnerships Examples Title NQF Professional Body Chartered Management Accounting 7Chartered Institute of Management Accountants Chartered Accountant7South African Institute of Chartered Accountants Registered Bookkeeper4Institute of Certified Bookkeepers National Diploma Technical Financial Accountant 5Institute of Certified Bookkeepers

11 Strategic Cash Grant Maximum of 20% of the SDL for expenses Due 31 March 2009 for training in the period 1 January to 31 December common claim – six areas available: Internal bursaries (for employed staff) External bursaries (for unemployed people) Workplace experience

12 Free Training August 2008 Labour Law Update 2008 Assessor Training September 2008 Labour Law Update 2008 October 2008 Performance Management Managing Time & Stress Effectively November 2008 Managing Time & Stress Effectively Talent Management February 2009 Mentoring & Coaching March Budget & Tax Update April Budget & Tax Update Introduction to the Role of the Skills Development Facilitator Register

13 Seta Benefits FassetMersetaBanksetaW&RFietaCTFL Discretionary Grant Lifelong Learning ABET Voucher Scheme Workplace Readiness Employee Development

14 Estimation of Benefits Example Fasset InitiativeEstimate Value Mandatory Grant 50% SDL (R23K)R 11,500 Strategic Cash Grant 20%R 4,600 ABET – 1 learnerR 5,000 Learnership Cash Grant – 3 traineesR 81,000 Fasset Skill AdvisorsR 2,000 Lifelong Learning – 12 eventsR 24,000 TotalR 128,100

15 Development Projects G eared towards addressing the poor demographic profile within the sector. The current workplace readiness projects : Bonani – accounting Thusanani – non-accounting Thuthuka Programmes University of Fort Hare Postgraduate Full time CTA Programme ORT CAT Work Readiness Programme

16 Thank You For queries call Fasset Call Centre