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BANKSETA Skills Development

BANKSETA Skills Development. Frank Groenewald July / August 2005. 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.

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BANKSETA Skills Development

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  1. BANKSETA Skills Development Frank Groenewald July / August 2005

  2. 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.

  3. The big question What should we be? What should we do? Are we adding value to our stakeholders?

  4. Objectives of People Development Related Legislation • Functional • Developing a culture of high quality lifelong • learning • Economic • Fostering skills development in the formal • economy for productivity and employment growth • Stimulating and supporting skills development in • small businesses • Social • To make South Africa a more equal place for • everyone;

  5. The Current Situation

  6. Stakeholders • Business • Labour • National Skills Authority • Government / Departments of Labour, Education and Finance, Trade and Industry • Parliament and Portfolio Committees • NGOs / CBOs and Youth organisations • Unemployed • Education and training providers • Consultants / Vendors

  7. Many Voices = Many needs • Skills development • Charter implementation • Social transformation • Employability • Poverty alleviation / eradication • HIV/Aids education • Adult Basic education • Consumer education • Access to Learning • Employment creation

  8. Governance • Fully constituted Council • Constitution and Code of conduct • Public Finance Management Act (PFMA) • King ll • Audit Committee and Finance committees • Internal Audit ( Gobodo) • Unqualified Audit Reports x4 ( Auditor General) • External Expertise (Chief Financial Officer and Audit managers from big banks) • Remuneration Committee • Formally agreed processes • Annual research conducted by experts • Business & Labour represented

  9. The Future

  10. Strategy Process • Collect and interpret information • Develop strategies • Implement Strategies • Evaluate Strategies

  11. 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)

  12. 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

  13. Major issues for Banking • Most Important Developments (Finance Sector Charter (HR most difficult) and Compliance) • Bankers criticism of the Financial System (Cartel behaviour) • Market Competition (Corporate vs Merchant and Investment banking, Retail, Home loans and Vehicle finance extremely competitive, Internet banking – not so much) • Drivers of Change (Foreign Entrants replace Technology) • Pressing Issues (Revenue growth and Compliance) • Emerging Issues ( BEE funding structures?

  14. Banking Sector Employment Trends • Shrinking employment (Previously) - now stable • Professionals and Associated Professionals in the broader banking sector • Movement 30% to 40 % in 2 years • Employment by race • 5% increase in Africans • 1% increase in Coloureds • 3% increase in Indians • 9% decrease in Whites • Compared to 2001 data

  15. 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

  16. Legislation and Regulation

  17. Funding for 2005 - 2010 Mandatory Grant 50% (R 100 M) MUST Discretionary Grants 20% (R 40 M) MAY Operational Funds 10% ( R 20 M) National skills Fund 20% (R 40 M) 5% escalation from 2006-2010

  18. Funding for 2005 - 2010 • Mandatory Grant 50% • Workplace skills plans • Implementation Reports • Discretionary Grants 20% • Sector strategies • NSDS grants • Operational Funds 10% • National skills Fund 20% • “NSA via NSF” Funding Windows

  19. Discretionary Grants • Funding Windows Approach • Request for Proposals Approach

  20. The Future • Operational • Governance • Human Resource Practices and People • Investor in People • Project management approach • BEE (specific focus on procurement) • Strategic (Sector and National-NSDS) • Finance Sector Charter • SMME Development • Youth development • Consumer Education (Broad interpretation) •   Research and Benchmarking

  21. THANK YOU

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