NEDBANK CAPITAl - Nedbank Group Limited

Skills development reportNedbank Group is passionate aboutcreating an environment in which allemployees can thrive and to assist newemployees to adjust to their new roleand environment within an optimaltimeframe new onboarding processes,procedures and tools were implementedduring 2009. In addition, the CareerManagement website was enhanced. Thiswebsite provides employees with relevantinformation and tools that enable themto take charge of managing their careers.To learn and growWe believe that the opportunity fordevelopment is key to attracting andretaining the right people at NedbankGroup, and this forms a significant partof our value proposition to current andfuture employees. In 2009, at the entrylevel, the drive to develop learners for thefinancial services industry resulted in210 learners participating in the Kuyasaand Letsema Learnership Programmes,240 on other learnerships, 25 graduateson the Training Outside of Public PracticeProgramme for accountants, and104 graduates on the NGDP. All learnersand graduates undergo intensive onthe-jobtraining and following successfulcompletion of the programme, areready to be placed. We have beenvery successful in placing the majorityof students on completion of theprogrammes and are pleased by theirprogress.The External Bursary Programmesaw 384 bursaries being awarded toundergraduate students studying towardsbank-related qualifications. Furthermore,internal bursaries were awarded to665 employees for further academicstudy at graduate and postgraduate leveland study grant assistance was providedto 283 employees for the education oftheir children.The Management DevelopmentProgramme is aimed at establishing acommon values-based managementapproach within our organisation and theOld Mutual Group. To this end9 897 (10 867 including Africa) of ourstaff have attended the role orientationworkshops this year and are nowembarking on practical application of skillslearnt at these workshops. Business andacademic development for successivelevels of our management are cateredfor in our applied academic programmes.In 2009 altogether 37 senior managersattended the executive educationprogrammes, locally and internationally,and 484 managers attended businesseducation programmes at some of thetop business schools in South Africa.Skills development is regarded as a keypillar to achieving our transformationstrategy. In support of the transformationstrategy the WSP was completed asstipulated by the Skills Development Act.The primary source of information forthis plan is the personal developmentplans completed online by employeesannually, following the annualperformance discussions that are heldbetween employees and their managers.These discussions focus on increasingcompetence in employees’ currentroles and preparing them for futureopportunities linked to our broader talentmanagement plans.Nedbank Group has spent R258 millionon training in 2009, which is 4,32% ofbasic payroll. Of this, 2,97% of basicpayroll was spent on black staff afterimplementing adjusted recognition forgender.At Nedbank Group learning and growthis sustained by a learning culture,which not only fulfils the variousregulatory requirements that governskills development, but also provides themomentum for sustainable organisationalperformance.1 Training expenditure1.1 Training expenditure in terms of dti CodesBlack skills development spend 2009 2008Total basic payroll R5 983 113 R5 945 444Total training spend R258 383 R263 841Training spend as percentage of basic payroll 4,32% 4,44%Training spend on black staff, using adjusted recognition for gender R177 598 R170 775Training spend on black PWD, using adjusted recognition for gender R2 192 R1 400Training spend on black staff as percentage of basic payroll 2,97% 2,87%Training spend on black PWD as percentage of basic payroll 0,04% 0,02%Nedbank Group qualifies for 10,38 points out of 15 points allocated to skills development as per the dti generic scorecard.Altogether 58,05% of the total training spend on black staff was spent on black female staff.118NEDBANK GROUP ANNUAL REPORT 2009