Earn more points on skills development!

Earn more points on skills development: Absorption Bonus points under Skills Development

Employers can earn 5 bonus points under skills development through the absorption of learners.

In the  2013 Amended Codes of Good Practice (COGP) absorption was defined as the following:

Absorption: means a measure of the Measured Entity’s ability to successfully secure formal permanent or long-term contract employment for the learner, or to assist the learner to proceed with further education and training.

In May  2019 the Amended COGP changed the  absorption definition:

Absorption: means a measure of the Measured Entity’s ability to successfully secure a long-term contract of employment for Employee, Learner, Intern or Apprentice.

A long -term contract is defined as a legal agreement between an individual and an entity that this individual would work for until his or her mandatory date of retirement.

The target for absorption is 100% to get full points, alternatively, a pro-rata calculation is used. The target is based on 5% of your headcount for learnerships.

In 2013 it was easier to get the bonus points because the following would happen:

1. Provide the learner with a fixed-term contract and get the points or

2.  Provide the learner with another learnership which is a continuation of the previous one.

Now with the new definition, it is not as easy to get the bonus points on skills development, however, at Econoserv, we have investigated this and found a cost-effective solution which is also B-BBEE complaint.

To find out more please get in contact with us on 011 483 1190 or email info@econobee.co.za

Online Workshops

EconoBEE is hosting online workshops for our clients. For our BEE MS clients, all BEE half-day workshops are free and our full-day workshops are half priced! Please have a look through the following upcoming workshops:

Title: Full-Day B-BBEE Workshop
Date: 30 July 2020; 20 Aug 2020
Duration: 09h00 – 16h00
Price: R3 700.00 excl VAT

Title: Half-Day B-BBEE Workshop
Date: 04 Aug 2020; 13 Aug 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

Title: Construction Sector Code Workshop
Date: 27 Aug 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

Title: Media, Advertising and Communications Sector Code Workshop
Date: 18 Aug 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

Title: 2-Hour YES Workshop
Date: 25 Aug 2020
Duration: 09h00 – 11h00
Price: R650.00 excl VAT

Title: Property Sector Code Workshop
Date: 23 July 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

Title: Information, Communications and Technology Sector Code Workshop
Date: 28 July 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

Title: Transport Sector Code Workshop
Date: 11 August 2020
Duration: 09h00 – 13h00
Price: R1 550.00 excl VAT

To book, or to tailor make a workshop for your company, please email info@econobee.co.za or call 011 483 1190

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