Employers
There are several advantages for local businesses who successfully apply to the Competency-Based Training Fund (CBTF). You can:
- receive up to 100% financing – a maximum of $500,000 of total training costs for each proposal you submit
- have until November 2018 to complete Competency-Based Training for your employees or potential employees
- tailor training to the specific needs of your workforce thus increasing its relevancy to your business
- equip workers (including the displaced, retrenched and unemployed) with skills which they can use both locally and abroad
- train staff to meet the specific requirements of your business and to thrive in the workplace
- establish a transparent blueprint for recruitment, job expectations, performance evaluation, and advancement paths
- foster mutually beneficial relationships with training institutions
- develop new business opportunities by becoming a continuing education “centre” to improve performance through the demonstration of competency in the workplace
- be seen as a leader in creating a globally competitive workforce by implementing world class occupational standards and certification
- obtain and attract an increased pool of qualified persons leading to higher productivity and competitive advantage
Training providers
There are several advantages for training providers who enter into partnerships with employers and successfully apply to the Competency-Based Training Fund (CBTF). You can:
- foster mutually beneficial relationships with employers
- become more adept in the delivery of competency-based education tied to occupational standards
- provide relevant, practical and timely education that meets the needs of the job market
- develop new business opportunities by becoming a continuing education “centre” to improve performance through the demonstration of competency in the workplace
- be seen as a leader in creating a globally competitive workforce by implementing world class occupational standards and certification