Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
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4.SkillsDevelopmentAlthoughmajorstrideshasbeenmadeduringtheperiodunderreview,<strong>Nedbank</strong>isstillintheprocessofaligningandintegratingtheskillsdevelopmenteffortwiththerequirementsoftheTalentManagementplan,scareskillsanalysisperfunctionalarea,aswellasthesuccessionplanoftheorganisationaspartofourongoingjourney.Thisensurethatmoreinternaltalentbecomesupwardlymobilewithintheorganisationratherthanhavingtoseekopportunitieselsewhere.Itremainsourcommitmenttoensurethat<strong>Nedbank</strong>complieswithalllegislationwhiledrivinghighqualityeducationandtraininginandfor,theworkplace.Thisisachievedthrough:Addressingtheskillsscarcityincriticalareas;BuildingtheEEpipelinethroughvariousinterventions,suchas; BusinessEducationProgrammes(BEP); ExecutiveDevelopmentProgrammes Learnerships; Coaching;and Internal/externalbursaries;TrainingandDevelopmentwithemphasisonblackpeople,toimprovetheoptionsavailabletothegroup(overandaboverecruitment)inattainingamorediverseworkforceforimprovedcompetitiveness;andEmpowermentofblackpeople,blackwomen,andpeoplewithdisabilitiestocompeteonanequalfooting.SkillsdevelopmentspendanalysisAnnualskillsdevelopmentspend 2007 2008 2009 2010 2011Totalbasicpayroll R5272015217 R5945444331 R5983112789 R6822729009 R7554797075Totalskillslevypaid¹ R52720152 R59454443 R59831128 R68227290 R75547971Totaltrainingspend R174481431 R263840903 R258382558 R244219000 R301283283Totaltrainingspendasa%ofbasicpayroll 3.31% 4.44% 4.32% 3.58% 3.99%TotalTrainingspendonBlackstaff R106550522 R170775317 R175702843 R174394049 R230148231Spendonblackstaffasa%ofbasicpayroll 2.02% 2.87% 2.94% 2.56% 3.05%TotalTrainingspendonBlackstaffusingARfGR106550522 R174569323 R177598114 R189537960 R228396072BlackMaledevelopmentandtraining n/a R74457739 R73712473 R69968958 R94773641BlackFemaledevelopmentandtraining n/a R96317578 R101990371 R104425091 R135374590BlackPWDdevelopmentandTrainingusingARfGTable4:HistoricalSkillspendanalysisn/a R1400291 R2192227 R2857870 R4014903Note:¹accordingtoacceptedaccountingpolicy,<strong>Nedbank</strong>doesnotoffsetgovernmentgrantsorlevyrepaymentsreceivedagainstitstrainingbudgetbutratheragainsttheLevies/Taxpaymentlines.Thetotal"Skillslevypaid"isthereforenotsubtractedfromthetotaltrainingspendonblackstaff.<strong>Nedbank</strong><strong>Group</strong>Transformation<strong>Report</strong>2011–FinalDraft.19
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