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INSETA INTERNSHIPS & WBE

INSETA INTERNSHIPS & WBE. Objectives. Background to Inseta Internships and WBE Closure. Background: Inseta Vision. INSETA - what it stands for “Working today for a skilled tomorrow” Our Vision:

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INSETA INTERNSHIPS & WBE

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  1. INSETA INTERNSHIPS & WBE

  2. Objectives • Background to Inseta • Internships and WBE • Closure

  3. Background: Inseta Vision INSETA - what it stands for “Working today for a skilled tomorrow” Our Vision: “Inseta promotes and enables quality skills development through funding education and training in South Africa to meet national skills agenda and contributes to transformation in the sector”

  4. Size and scope of the insurance sector The insurance sector forms part of a large and rapidly growing financial business services sector in SA The insurance sector covers the following sub sectors. WSP data

  5. Educational Profile of the Insurance Sector

  6. Employment Growth in the Insurance Sector • Employment growth over a five year period has revealed a steady growth in black employment • There has been a higher employment growth of black females as opposed to white females • Employment of disable people

  7. Employment Growth in the Insurance Sector EMPLOYMENT GROWTH WITHIN THE INSURANCE SECTOR • More than half of the workers in the Sector lived in Gauteng • Other provinces accommodated only small components of the Sector – mostly brokerages • More than half of the employees in the Sector are women

  8. Insurance Sector Equity Profile 2004 - 2008

  9. Equity Profile of the Sector

  10. Institutions of Sectoral and Occupational Excellence THE QUANTIFIABLE CONTRIBUTION THAT INSETA HAS MADE TO THE POOL OF INTELLECTUAL CAPITAL IN THE INSURANCE SECTOR • ISOE • Year 6 • University of the Western Cape – R500,000.00 • University of Cape Town – R500,000.00 • Year 7 • Umfolozi College – R500,000.00 • Nelson Mandela Metropolitan University – R500,000.00 • Year 8 • Nelson Mandela Metropolitan University – R500,000.00 • Year 9 Durban University of Technology, AUSD and Intec

  11. INSETA Policy Statement According to the INSETA Policy Statement, INSETA will support Internships / Work-based Experience grants to enable learners to achieve the maximum of one year’s experience with a view to: • Afford the learner the opportunity of permanent employment • Afford the learner work experience so as to complete a qualification • Afford the learner the opportunity to establish a new venture on completion

  12. Internships • Programmes for unemployed graduates who need work experience • Programmes for learners who require work experience in order to gain professional registration

  13. Work-Based Experience (WBE) • A programme for learners who require work experience in order to complete a diploma or degree that requires the person to have a certain amount of work experience in order to achieve the qualification.

  14. General Profile of Interns The Intern must: • Be an resident of South Africa. • Must have completely or partially qualified through an FET/HET institution and needs practical work experience in order to complete the qualification or enter the labour market. • The diploma/degree should comply with the with the Sectoral Scarce and Critical skills. • Have written endorsement of completion of the theoretical component of their qualification from their academic institution in case of WBE

  15. General Profile of Employers • Be an INSETA stakeholder - levy payer or non-levy payer • Levies need to be up to date for levy payers • Non-levy payers must have written proof of exemption from SARS • Have physical and human resources to support the Internship/WBE

  16. Benefits of taking in Interns (ROI) • Potential increase in client base • Potential increase in sales • Possibility of acquiring and growing new talent without incurring recruitment costs • Shared expense for development of employees • Extra brain and hands for doing the job • Opportunity to implement social responsibility (WBE) through mentoring the Intern

  17. Application Process • Where applicable, i.e. in case of WBE, the Lead Employer obtains an accredited Training Provider, accredited with INSETA or any other SETA ETQA • The Lead Employer submits Internships Grant Application to INSETA on the prescribed form available on the INSETA website • INSETA reviews the Internships Grant Application and communicates provisional allocation of funds to the applicant • Applicant submits learners documentation to INSETA before commencement of the Internship/WBE.

  18. Application Process (Continued) INSETA considers the following in deciding to allocate funding: • The Internship programme applied for must satisfy Scarce and Critical Skills in the Insurance Sector • Racial profile of Interns must comply with the Equity Principle of NSDS • The company’s intention to offer the Interns employment at the end of the programme

  19. Duration • A WBE grant is considered for a minimum of 1 month to a maximum of 12 months, depending on the number of hours required to complete a qualification • An Internship grant can be considered for a minimum of 6 months to a maximum of 12 months.

  20. Success factors The following must be taken into account for successful implementation of Internships/WBE: • Employer must set out clearly, the profile of the Interns they want to recruit • The programme outputs must be clear and achievable • There must be mentors who understand the objectives of the Internship/WBE • Learners logbooks for which the Interns must take responsibility, must be kept to track learner progress

  21. Implementation Models Some companies are implementing Internships in a form of a project, with training provider taking care of training on company products and on-the-job assessments • MoUs are entered into between INSETA and the employer and INSETA and the Training Provider • Employer decides on the Programme they would like the Internship to be based on • Employer defines the profile of Interns, recruits and interviews them

  22. Funding 3 % 6- Month Options • Initial payment of 50% of the funds allocated per Intern payable on commencement of the Internship Programme. • Second and the final 50% payable on completion of the Internship Programme, after submission of Closure Reports.

  23. Funding 12- Month Option • Initial payment of 40% of the funds allocated per Intern payable on commencement of the Internship Programme. • The second tranche of 40% is paid half way into the Internship Programme after submission of Progress Reports to INSETA. • Third and the final tranche of 20% payable on completion of the Internship Programme, after submission of Closure Reports to INSETA.

  24. Funding • Unemployed Interns • Graduates and 3 year Diploma: R4 000.00 per month • Learnership/FET Certificate R3 500.00 per month • Employed Interns • Graduates and 3 year Diploma: R2 000.00 per month • Learnership/FET Certificate R1 500.00 per month

  25. THANK YOU Thank You Sharon Snell Tumi Peele A/CEO Learnerships Manager B Proc (Natal) LLM (Unisa) B Comm (Unisa) OD-ETDP sharons@inseta.org.zatumip@inseta.org.za

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