Skills development is an integral part of achieving a higher-level status on the Broad-Based Black Economic Empowerment Scorecard. As B-BBEE aims to accelerate the participation of black people in the economy, it is vital to educate and train the large sector of the population that was previously disadvantaged.
“A BEE certificate has become one’s licence to trade in South Africa, with a higher-level rating increasing the possibility of being able to do business with government sectors, including public entities and municipalities,” says Angie Lanham-Love, CEO of Lanham-Love Consulting. “Focusing on skills development within your organisation is a fantastic way to increase the capability of your staff, whilst ensuring that your business receives additional benefits and increased compliance across multiple elements of the scorecard. It is, essentially, an investment in your business that pays off twice!”
“While each and every one of our clients enjoys a customised approach to their specific transformation needs, we have found that a common challenge our clients face is ensuring that the money and time they spend on Skills Development is maximised on the scorecard,” says Lanham-Love. “In order to provide our clients with peace of mind, we opened The Lanham- Love Academy (LLCA) in 2017.”
“The LLCA designs and implements Skills Development programmes directly in line with your B-BBEE strategy,” says Lanham-Love. “All of these programmes cater for many of the sub-objectives of the skills development element of the B-BBEE scorecard, and are classified as category B, C and D on the B-BBEE Skills Matrix.”
“In addition, these programmes are no box-ticking exercise, but rather focus on the holistic development of your staff members, no matter whether they are on the executive track, or are entry level employees who need additional development,” says Lanham-Love. “For us, B-BBEE should be about meeting the needs of everyone involved in the process of upliftment, from those employees who are benefitting from the personal development involved, to the company as a whole receiving a return on their investment throughout the process. We believe that transformation should be just that – transformative.”
“Lanham-Love Consulting has been in the business of BEE consulting for over 20 years,” says Lanham-Love. “This has afforded us a wealth of experience, as we have grown and changed alongside the growth and changes that have occurred during the many years of B-BBEE implementation in South Africa. As such, we are uniquely positioned to grant you complete peace of mind regarding B-BBEE fronting and compliance.”
Lanham-Love Consulting is dedicated to helping their clients achieve effective implementation of the B-BEE codes, ensuring that they reach the best B-BBEE compliance level possible – whether it be through skills development, procurement, socio-economic development or enterprise and supplier development. Speak to one of our consultants today to see how we can ensure that your transformation strategy will lead to business growth.