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BANKSETA Skills Development. Frank Groenewald July / August 2005. Mission statement. To promote and give effect to legislation by establishing an education, training and development framework to enable stakeholders to advance the national and global position of the banking sector. - PowerPoint PPT Presentation
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BANKSETA BANKSETA
Skills Development Skills Development
Frank Groenewald July / August 2005
Mission statement
To promote and give effect to legislation
by establishing an education, training and
development framework to enable
stakeholders to advance the national
and global position of the banking sector.
What should we be?
What should we do?
Are we adding value to our stakeholders?
The big question
Functional• Developing a culture of high quality lifelong
learning Economic
• Fostering skills development in the formal economy for productivity and employment growth
• Stimulating and supporting skills development in small businesses Social
• To make South Africa a more equal place for everyone;
Objectives of People Development Related Legislation
1. Business2. Labour 3. National Skills Authority4. Government / Departments of Labour, Education and
Finance, Trade and Industry5. Parliament and Portfolio Committees6. NGOs / CBOs and Youth organisations7. Unemployed8. Education and training providers9. Consultants / Vendors
Stakeholders
1. Skills development 2. Charter implementation 3. Social transformation4. Employability5. Poverty alleviation / eradication6. HIV/Aids education7. Adult Basic education8. Consumer education9. Access to Learning 10.Employment creation
Many Voices = Many needs
GovernanceFully constituted Council
Constitution and Code of conduct
Public Finance Management Act (PFMA)
King ll
Audit Committee and Finance committees
Internal Audit ( Gobodo)
Unqualified Audit Reports x4 ( Auditor General)
External Expertise (Chief Financial Officer and Audit managers from big banks)
Remuneration Committee
Formally agreed processes
Annual research conducted by experts
Business & Labour represented
Strategy Process
1. Collect and interpret information
2. Develop strategies
3. Implement Strategies
4. Evaluate Strategies
Strategy Process
Step 1
Collect and interpret information
1. International (Trends on Finance, Banking and People development)
2. National (GDS, NSDS, EE, BEE and Current and Future focus areas)
3. Sectoral Initiatives ( FSC, IIP) 4. Stakeholders (Business, Labour, Youth,
Providers, Learners)
NATIONAL ISSUES FACING THE SECTOR
• State of the Nation address• Unemployment • Poverty alleviation• Employment Equity• Broad Based Black Economic Empowerment
• HIV/AIDS• Lack of available skilled resources• Challenges in supply side of educated labour• Transformation • Financial Sector Charter
Major issues for Banking 1. Most Important Developments (Finance Sector
Charter (HR most difficult) and Compliance)2. Bankers criticism of the Financial System (Cartel
behaviour)3. Market Competition (Corporate vs Merchant and
Investment banking, Retail, Home loans and Vehicle finance extremely competitive, Internet banking – not so much)
4. Drivers of Change (Foreign Entrants replace Technology)
5. Pressing Issues (Revenue growth and Compliance)6. Emerging Issues ( BEE funding structures?
Banking Sector Employment Banking Sector Employment TrendsTrends
1. Shrinking employment (Previously) - now stable
2. Professionals and Associated Professionals in the broader banking sector • Movement 30% to 40 % in 2 years
3. Employment by race • 5% increase in Africans • 1% increase in Coloureds • 3% increase in Indians • 9% decrease in Whites
• Compared to 2001 data
SKILLS DEVELOPMENT PRIORITY AREAS (critical)
1. Information Technology related skills development
2. Management and Leadership skills development
3. Customer Interface related skills development
4. Specialist Financial skills development
5. Legislative Compliance relates skills development
Legislation and Regulation
Mandatory Grant 50%(R 100 M) MUST
Discretionary Grants 20%(R 40 M) MAY
Operational Funds 10%( R 20 M)
National skills Fund 20%(R 40 M)
5% escalation from 2006-2010
Funding for 2005 - 2010
•Mandatory Grant 50%• Workplace skills plans• Implementation Reports
•Discretionary Grants 20%• Sector strategies • NSDS grants
•Operational Funds 10%•National skills Fund 20%
• “NSA via NSF” Funding Windows
Funding for 2005 - 2010
1. Funding Windows Approach
2. Request for Proposals Approach
Discretionary Grants
18.1 Learnerships – scarce skills
18.2 Learnerships – Letsema
18.2 Learnerships – scarce skills
March to May
N/A
March to May
Centres of Excellence support July to September
The FutureOperational
• Governance• Human Resource Practices and People• Investor in People• Project management approach• BEE (specific focus on procurement)
Strategic (Sector and National-NSDS)• Finance Sector Charter• SMME Development• Youth development• Consumer Education (Broad interpretation)• Research and Benchmarking
THANK YOUTHANK YOU