BANKSETA ANNUAL REPORT 2023

PERFORMANCE INFORMATION Programme 2: Skills planning

Purpose of Programme 2:

To ensure that appropriate and relevant research and benchmarking studies are conducted to provide input into the development of a high quality and credible Sector Skills Plan and the Strategic Plan for the banking and alternate banking sector. A Sector Skills Plan is developed for the banking and alternate banking sector that reflects the labour market demands.

The programme consists of the following three sub-programmes:

Mandatory Grants Purpose

Evaluation and approval of Workplace Skills Plans and Annual Training Reports for mandatory grant claims.

Research and Benchmarking Purpose

The development of a research agenda and ensuring that all research including benchmark studies is conducted.

Annual Sector Skills Plan Developed and Approved by DHET Purpose

Development, updating and dissemination of the Sector Skills Plan. The budget allocated to this programme will directly impact on performance targets through the budget being utilised towards: • Optimal human resources to implement programme targets (administration budget); • Implementation/delivery of research agenda (discretionary grant budget); and • The budget for mandatory grants will be directly affected by the performance target of the number of WSP/ATR submissions approved.

Programme 2 contributes towards the following institutional outcome:

A credible sector skills planning mechanism that identifies relevant skills priorities to meet the labour market demands for the banking and alternative banking sector.

Outcomes, Outputs, Output Indicators, Targets and Actual Achievements

Key outputs are:

• The increased participation rates of employers in the WSP process and the payment of mandatory grants according to the mandatory grants claims ratio; • A Board approved 3-year rolling research agenda submitted to DHET by compliance due date, the number of research partners appointed and the production of research deliverables; and • An Annual SSP, SP and APP, approved by Board and submitted to DHET by compliance due date.

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PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2022/23