Tool | Unclaimed Skills Development Levy: How much money are you leaving on the table?
Most employers treat SDL as a compliance task. You pay the levy, submit your WSP, claim the mandatory grant, and move on. But many companies never take a closer look at how much of their levy they actually recover over time.
The Wealthbit SDL tool helps you estimate what you are paying into SDL and how much of it you may realistically recover through the mandatory grant and discretionary funding.
It shows you:
- How much of your SDL you may be leaving unclaimed
- Why absenteeism is only part of the real cost to your business
- How financial stress affects productivity, engagement and retention
- How to estimate the impact in your own organisation using real numbers
- Where financial wellness can fit into your skills development and B-BBEE strategy.
The tool brings these numbers together in a simple dashboard so you can clearly see what may be left on the table. Once you know how much SDL you could recover, you might start to wonder if some of that funding could help tackle issues in your workforce that rarely have their own budget.
Many organisations are dealing with absenteeism, presenteeism, disengagement and staff turnover. Financial stress among employees is often one of the drivers behind these challenges.
The SDL tool can help start that conversation by showing the relationship between your skills development spend and some of the hidden costs affecting your workforce.
Tools that might be helpful:
Employee Benefits Self-assessment Tool – see what financial stress may be costing your business.
Other resources to explore:
Life stage relevance in financial wellness
Employee Assistance Programmes in South Africa
Common employee benefits in South Africa
Financial well-being as a retention strategy
Best financial wellness programmes in South Africa
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