Learnerships and the Financial Services Charter

1. Learnerships and the Financial Services Charter PwC

2. Concept of learnerships • “A learnership is a work-based training programme that includes both theory and practical components and leads to a registered qualification” • Moves away from simply “clever heads, dumb hands” to a “skilled and employable individual”

3. Why do we need Learnerships • Increase the learning culture within the Financial Services Sector • Address skills shortages in the sector • Provide nationally-recognised sector focused qualifications • Focus on outcomes based training

4. Benefits for employer • Skilled employees • Increased productivity • Access to discretionary grants • Tax incentives

5. Benefits for learners • Access to national qualifications • Practical and theoretical learning • Recognition for prior learning • Better career prospects

6. Learnership areas • Sales personnel • Information technology • Vigilance • Compliance • Insurance and investment • Customer interface • Risk management • Financial • Administration (Back office)

7. Some immediate challenges • Creating a sense of urgency of this initiative • Aligning the operational requirements of the business with the intent of the Charter. • How targets set can be met • Managing the conflicts between those employed and those on learnerships • Increasing skills development in an ever shrinking sector.

8. Panelists • Ms Adrienne Bird • Ms Jeanette Hobson • Ms Vivienne Delaney • Mr Malose Kekana

9. pwc