FASSET ANNUAL REPORT

• Well definedmeasurement of stakeholder management.

skills development and training needs of the sector. This working committee was created to listen to stakeholders on the demand side of skills development, education and training providers as well as professional bodies who are suppliers in this value chain. These platforms provide stakeholders with the opportunity to voice their views on various aspects of their interaction with us; as well as share best practice in the skills development and training landscape. The necessary action required across the SETA as a response to stakeholder feedback was firmed up in the form of a comprehensive 5-year stakeholder engagement strategy and framework, which was approved by the FASSET Board in December 2020. We engage with our stakeholders at various levels and on various issues. We have identified six broad groups of stakeholders and have developed strategies for engaging with each group and all interventions are monitored.

The SETA has modified its approach over the last year to strengthen relationships with stakeholders by creating more platforms to listen to their needs and views. During the 2020/2021 financial year, we continued to host the Circle of Influence round-table discussions, which are meant to shape the sector that we operate in. The SETA also introduced a new working committee for Skills Planning, Learnerships and Circle of Influence in the 2020/21 financial year, and ran a call for participation and called for applications from suitably qualified individuals in the financial and accounting services sector and other strategic partners such as institutions of higher learning as well as the NYDA to serve in the committee. The appointments of the working committee members were however, not concluded by the end of the reporting period. The aim of this working committee is to increase stakeholder involvement and engagement on pertinent

FASSET Annual Integrated Report 2020/21

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