Did you know
- Developing a workplace skills plan can enhance productivity and employee satisfaction.
- A well-executed plan can result in a 30% decrease in compliance-related fines.
- 80% of employers notice a boost in productivity after implementing a skills plan.
- 75% of companies experience improved innovation with a well-trained workforce.
- 49% of HR professionals prioritise the development of employee skills.
- Effective plans encompass skills assessments, targeted training, and ongoing evaluation.
Planning for WSPs is in full swing, and considering your business strategy, it is important to determine which skills you already have in your organisation, which skills you want to develop and which skills you still need to optimally deliver on your business mandate.
For those who don’t know what we are talking about, the Workplace Skills Plan (WSP) identifies the current skills shortages within an organisation and outlines how these gaps will be addressed through various training initiatives. By offering a detailed comparison of your actual training versus previous years, WSP and Annual Training Reports (ATR) help pinpoint areas for improvement. Summit can support your success by providing guidance and assisting with submissions to the relevant Sector Education and Training Authority (SETA).
Why is it Important to submit your WSPs annually?
Companies can benefit from funding initiatives provided by SETAs for completed training. These plans also contribute to the improvement of your BBBEE score and ensure that companies remain accountable and on track with their training objectives. Overall, WSP and ATR are key for maintaining a structured and effective training strategy.
What does an effective WSP look like?
Although all WPS is unique to its company, creating an effective workplace skills plan involves several key steps. First, align the plan with your organisation’s broader goals to ensure that skills development efforts contribute directly to the company’s success. Engage with key stakeholders to identify necessary skills. Next, conduct a comprehensive skills audit to understand your current skills landscape. Identify future skill needs by analysing industry trends and strategic plans, ensuring you stay ahead of the curve. Prioritise skill gaps based on urgency, impact, and resources, focusing on the most critical areas first. Design targeted learning interventions that match the learning method to the skill and the learners. Develop a detailed implementation plan outlining who will participate in training, when it will occur, and how it will be delivered. Finally, establish monitoring and evaluation mechanisms to track progress, measure skill development, and assess the impact on job performance and business outcomes.
Tips for an easier WSP application process
- Keep it simple, it’s easier than it looks.
- Understand your Organising Framework for Occupations (OFO) Codes; they can help align your workforce with what training is needed.
- Keep detailed records every month.
- Be Realistic when it comes to your planning of WSP’s
- Partner with Summit to provide support and guidance throughout the application process.
Transform your organisation today into a skills-based leader by partnering with Summit. This strategic collaboration provides you with the expertise and tools necessary to develop customised and scalable Workplace Skills Plans that align seamlessly with your organisational goals.
Act now to ensure a successful Workplace Skills Plan application