Financial Services Charter Learnerships , past and present at Prestasi

1
Financial Services Charter Learnerships , past
and present at Prestasi

• PROJECTS funded by discretionary grants.
• CHALLENGES selecting and recruiting the best
  candidates.
• EXPERIENCES coaching and mentoring essential.
• TARGETS 1.7 of payroll towards training of
  black employees and 4.5 total staff to be black
  matriculants.
• SECTOR SKILLS PLAN Scarce skills

2
PROJECT

• Discretionary Grant Project from INSETA
• R500,000. Educating the Community on
  Insurance
• 50 C.I.D.A City Campus (Community Individual
  Development Association)
• students 4 yr BBA Degree.
• Educated over 3500 people at Churches,
  schools and workplaces.
• All 50 students want to enter into Learnerships.
• Currently have 2 on Learnership with a further
  12 on waiting list for 2004/5!

3
CHALLENGES

• Select suitable candidates who will be employed
  at end of Learnership.
• Conduct SPEEX Tests to test for potential and
  suitability for clerical or selling positions.
• Get buy-in and commitment from branches to train
  and develop them .
• Mentorship and Coaching essential.
• Students need additional support and assistance
  more than just at work

4
EXPERIENCES

• Recruited 4 INSPREP students in 2003, 400hrs
  workplace experience needed to complete
  Learnership.
• Placed learners at 2 local branches and the
  Client Care Centre.
• Employed 2 permanently and 2 on contract for
  further 3 months, then terminated.

5
CHARTER TARGETS

• Each Financial Institution will employ up to 4.5
  of total staff in the form of black matriculants,
  targeted recruitment is needed.
• Invest in human resource development across full
  spectrum of skills and all levels.
• 1.5 of Payroll to be spent on skills development
  of black employees
• (over and above skills levies).

6
SECTOR SKILLS PLAN

• Employment Equity remains a challenge.
• _at_ 2 June 2003, vacancies for clerks were 20.3
• Actuaries are very scarce in SA - virtually
  no black actuaries.
• Scarce generic skills in our sector
• Analytical, Financial regulations, report
  writing, Communication, management and
  Leadership, Customer service, Literacy and
  motivational skills.
• Learnerships address these skills and more!
• 
  
  Source State of Skills in SA DoL.

7
CONCLUSION

• We need to invest in human resource development .
• Recruit matriculants for registered Learnerships.
  
• Ensure mentorship and coaching is in place.
• Try and achieve the targets by 2008.
• Support our sector skills plan.
• Vivienne Delaney