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BANKSETA The way forward . Frank Groenewald 11 November 2004. Objectives of the Skills Development Act. Developing a culture of high quality lifelong learning; Fostering skills development in the formal economy for productivity and employment growth;

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slide1

BANKSETA

The way forward

Frank Groenewald

11 November 2004

slide2

Objectives of the Skills Development Act

  • Developing a culture of high quality lifelong
  • learning;
  • Fostering skills development in the formal
  • economy for productivity and employment growth;
  • Stimulating and supporting skills development in
  • small businesses;
  • Assisting new entrants into employment;
slide3

Objectives of the Skills Development Act

  • To make South Africa a more equal place for
  • everyone;
  • Stimulate and support skills development in
  • SMME’s;
  • Improve employment prospects for previously disadvantage persons and Assist new entrants into the labour market;
  • Promote opportunities for skills development in development initiatives.
slide4

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.

slide5

Stakeholders

  • Business
  • Labour
  • Government / Departments of Labour, Education and Finance
  • Parliament and Portfolio Committees
  • NSA
  • NGOs / CBOs and Youth organisations
  • Unemployed
  • Education and training providers
  • Consultants / Vendors
slide6

Many Voices = Many needs

  • Social transformation
  • Employment creation
  • Employability
  • Poverty alleviation / eradication
  • Skills development
  • Charter implementation
  • HIV/Aids education
  • Crime prevention
  • Adult Basic education
  • Consumer education
  • Access to Learning
slide7

Strategy setting

in the SETA environment

slide8

BANKSETA Scope

  • Central banking
  • Discount houses, commercial and other banking
  • Building Societies
  • Financial mediation
  • Lease financing
  • Securities dealings
  • Activities ancillary to financial mediation
slide9

Strategy Process

  • Collect and interpret information
  • Develop strategies
  • Implement Strategies
  • Evaluate Strategies
slide10

Strategy Process

  • Step 1
  • Collect and interpret information
    • International (Trends on Finance, Banking and People development)
    • National (GDS, NSDS, EE, BEE and Current and Future focus areas)
    • Sectoral Initiatives ( FSC, IIP)
    • Stakeholders (Business, Labour, Youth, Providers, Learners)
slide11

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
slide12

Contribution to gross value added

Average of annual figures by decade (current prices)

Source: SARB

Sectoral shifts in the economy

slide14

Finance Sector Charter

  • Transformation Charter; developed voluntarily by sector and sets Principle and Targets for EE and BEE implementation
  • Access To Financial Services, unbanked
  • Human Resource Development
  • Procurement Policies
  • Enterprise Development
  • Empowerment Financing
  • Ownership In Financial Sector
  • Control In Financial Sector
  • Shareholder Activism
  • Corporate Social Investment
slide15

TREND ONE: Shrinking employment

Current employment in the region of 136 000 people

slide16

TREND TWO:Profile of Skills

  • Skills requirements change
  • History of employing skilled people
  • Future of employing Highly Skilled people
  • Require multi-skilled people on a higher level
slide18

5% increase in Africans

  • 1% increase in Coloureds
  • 3% increase in Indians
  • 9% decrease in Whites
  • Compared to 2001 data
slide19

TREND THREE:Demand for Skills

  • Senior officials and managers including credit managers, risk managers, call centre managers
  • Professionals including E-commerce specialists, IT experts, risk and credit
  • Associate professionals and technicians including product developers, credit analysts
  • Advancement of Historically Disadvantaged Individuals with these skills.
slide20

SKILLS DEVELOPMENT PRIORITY AREAS (critical)

  • Information Technology related skills development
  • Management and Leadership skills development
  • Customer Interface related skills development
  • Specialist Financial skills development
  • Legislative Compliance relates skills development
slide21

Strategy Process

  • Step 2
  • Develop strategies
    • Objectives
slide22

Current Strategic Focus

  •     Transformation (Including EE and BBBEE)
  • Finance Sector Charter
  •     Youth development
  •     Consumer Education
  •     SMME Development
  • National Skills Development Strategy
slide23

Objective 1:

  • Transformation
  • The BANKSETA will initiate and support national and sector transformation by supporting BBBEE and EE related initiatives.
  • Targeted skills development initiatives (gender and equity sensitive)
  • Preferential procurement
  • Provider development initiatives
slide24

Objective 2:

  • The Finance Sector Charter
  • The BANKSETA will support the implementation of the Financial Sector Charter by creating Projects, initiatives and funding windows that will enable the development of employed people, unemployed potential employees and consumers
  • Neutral Data Collection Hub
  • Learnerships (Letsema)
  • Woman MBA programme
  • Wholesale Banking Exchange programme
slide25

Objective 3:

  • Youth Development
  • The BANKSETA will implementation Projects, initiatives and funding windows that will enable the development of unemployed people and unemployed potential employees.
  • CiDA bursaries
  • General Learnerships (18.2)
  • Letsema l, ll, lll
slide26

Objective 4:

  • Consumer Education
  • The BANKSETA will provide consumers of banking and micro finance product with development opportunities that will result in financially literate consumer base
  • MFSP deliverables
  • To be determined
slide27

Objective 5:

  • SMME Development
  • The BANKSETA will support SMME Development with the creation of targeted initiatives for this sector.
  • SMME Voucher scheme
    • Current product range
    • Expanded product range (IIP Support, MFSP training products)
  • MFI related research and training initiatives
  • Skills Audit
slide28

Objective 6:

  • National Skills Development Strategy
  • The BANKSETA will support the implementation of the National skills development strategy by creating Projects, initiatives and funding windows.
  • 2000-2005 9 targets ( Meet of exceed all)
  • 2005- 2009 To be finalised. (Potentially 15 different types of grants)
slide29

Strategy Process

  • Step 3
  • Implement Strategies
    • Business plan
slide30

Strategy Process

  • Step 4
  • Evaluate Strategies
    • Gap Analysis
    • Customer Satisfaction Survey/
    • Board Reporting
    • Quarterly Reporting to DoL / Treasury    
the executive scorecard leveraging human capital performance

Human Investment Ratio

Wealth Created per FTE

Net operating costs per FTE

Profit per FTE

Income per FTE

The Executive ScorecardLeveraging Human Capital Performance

Headline People Measures

HR Deliverables

What you have

What you want

HR Efficiency

Value Creation

Productivity

Training hours per FTE

Remuneration / Revenue

HR Costs / Total Costs

Performance pay / Rem.

True Labour Costs

FTE / HR FTE

Resignation rate

Remuneration. / Costs

HR Professionalism

Recruitment &promotion rates

Average Remuneration

Acceptance Rate &

Time to fill

Outsource Rate

Absence rate

Demographic Representation

slide35

BANKSETA Principles of Operations

  • Leverage resources to the strategic benefit of the stakeholders.
  • Place value on the swift delivery of services at the lowest cost through the cost effective employment of leading edge technology and best management practices
  • Co-source non-core delivery mechanisms.
  • Comply intelligently and proactively with the changing environment
  • Utiliseresearch and benchmarking to improve the sector’s competitiveness through skills development.
  • Establish the BANKSETA as hub for sector co-operation
slide36

BANKSETA biggest threats

  • Lack of focus
  • Many small initiatives / no critical mass
  • Negative public perception
  • Unrealistic expectations (Cannot be all things to all people)
  • Over Regulation
slide37

BANKSETA Success Factors

  • Committed and Informed Sector
  • Competent Council/Board providing strategic
  • direction.
  • Strong culture of corporate governance,
  • ownership and ethics.
  • Clear vision, strategies and objectives.
  • Knowledgeable, competent, committed staff.
  • Strong culture of needs driven delivering.
  • Strong focus on evaluation and feedback
slide38

The Future

  • Operational
    • SETA Operational Landscape ( Mergers)
    • Structural Efficiency
  • Strategic
    • Transformation
    • Finance Sector Charter
    • SMME Development
    • Youth development
    • Consumer Education (Broad interpretation)
    • National Skills Development Strategy