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The WSP outlines the existing skills shortage in a company and describes the steps a company will take to address the skills shortage through various planned training initiatives. The skills gaps in the WSP may be identified through skills audits, performance management systems, and succession planning initiatives. Addressing skills gaps can contribute towards employees’ professional development and also invest in the company’s future skills needs.
The ATR provides an indication of the training progress made, in comparison to the WSP of the previous year. The success or failure of the company, in terms of its’ skills priorities and growth objectives, is measured by the comparison between the ATR and the previous WSP.
In essence, a WSP consists of planned training for the following year whilst an ATR reports the actual training that was completed during the previous year.
In accordance with the Skills Development Act, all registered employers with an annual payroll exceeding R500 000 are required to pay skills development levies (SDL) and subsequently submit a WSP and an ATR.
By not submitting the WSP and ATR the company’s BBBEE status will be negatively affected because no submission will result in no points. The grant linked to the WSP of the company will also be suspended for the following year.
Submissions are to be made annually to the relevant Sector Education and Training Authorities (SETAs) by the deadline of 30 April each year.
Compliant and correct submission of the WSP and ATR, will benefit a company in the following ways:
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