BANKSETA ANNUAL REPORT 2023

HUMAN RESOURCES OVERVIEW

Employee performance management framework The BANKSETA measures the implementation of the organisation’s strategy, and these key factors are translated into the Balanced Scorecard, which lead to the identification of the Individual Development Plans. We encourage our employees to understand the role, duties, and responsibilities. Setting goals can motivate employees to work harder. Recognition through a Short-Term Incentive and achieving goals is a top indicator of employee’s success in their roles. Employee Wellness Employee wellbeing became a central focus area due to increased stress and anxiety. BANKSETA appointed the Wellness provider during the year. Wellness initiatives are planned each year for health risk assessment. 100% of the employees attended the drive. Employee Wellness programme extends to employees’ families. Policy Development The BANKSETA Board established a Policy Task Team to oversee policy development. The entity also keeps a policy register to ensure policies are updated as required. We had to ensure that policy template is standardised, aligned to the review period, and ensure compliance. The following policies were approved by Board: Furthermore our procurement policies and Delegations of Authority policy were updated in line with changes to the Preferential Procurement Policy Framework and changes to the Procurement Thresholds. Challenges faced by the public entity The BANKSETA embarked on an Organisational Design project to address capacity constraints in the entity. A consultation session was held with staff members to identify the critical business needs and take into cognisance the changing SETA landscape. This project is still ongoing, and management was tasked to relook at the proposed structure. We envisage that this will be completed by the 3rd quarter of the new financial year. Health and Safety in the Public Sector The level of awareness on Occupational Health and Safety (OHS) and reporting has been one of many main focus areas in the BANKSETA since the lockdown period in 2020 and 2021. The BANKSETA has been fortunate to avoid any work-related injuries during the past 4 years and diseases, mainly related to the respiratory category (COVID and the likes), have been treated with the utmost care and given the attention it deserves. The hybrid working model in the BANKSETA has greatly contributed to curbing the spread of the mentioned diseases in the organisation and has allowed employees to fully recover before reporting to the office environment once again. Work related injuries and diseases data collection and reporting have been harmonised among and within the different departments via the OHS Committee. There is a uniform system of recording and reporting injuries and diseases statistics thereby providing management with a complete dashboard of the burden of OHS injuries and diseases. • Short term Incentive; • Employment Practice; • Learning and Development; and • HIV and OHS Policy.

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PART D: HUMAN RESOURCES MANAGEMENT | BANKSETA ANNUAL REPORT 2022/23