SKILLS DEVELOPEMENT ACT Flashcards
1
Q
Purpose of the act SDA
A
- increase employment opportunities for previously disadvantaged people
- improve skills and qualifications to ensure economic development for a better standard if living
2
Q
How is it funded SDA
A
Levy - 1% of total payroll which then goes to SETA (sector education and training authority)
3
Q
Name 2 positives SDA
A
- more skills in business leads to better preformance and improved competitive advantage
- more training opportunities for employees
4
Q
Name 2 negatives
SDA
A
- 1% is an additional expense as it can’t come off salaries
- smaller businesses may find it difficult to find time to allow staff to go in training and have negative implications on productivity