|BEE Record Keeping|
|Friday, 04 January 2008 13:36|
Earn all the BEE points you deserve.
You cannot claim points without sufficient documentation.
An enterprise can only claim BEE points if it can PROVE that it really has earned the points. The only way to do this is by keeping detailed documentation.
Just like the auditor needs proof of every cent spent in your business, so too does the verification agency.
Most companies we come across have really spent the money, if it is in skills development, or enterprise development or socio-economic development. Their difficulty is they do not keep the required documentation and will find their BEE points disallowed. In an extreme case, they can even be accused of fronting if they cannot prove their spend. Often they do not have an up to date organigram to be able to calculate their employment equity points either.
EconoBEE - leading BEE consultants have developed the perfect solution:
Announcing a BEE record-keeping system
EconoLog – Earn all the points you deserve
EconoLog is a web service that allows you to safely login to a special area and document your activities and spend as they happen.
Simply login every time you train your staff, or do enterprise or socio-economic development. The site allows you to log your time or spend against skills development, enterprise development and socio-economic development. It allows you to capture data related to all 7 elements and produce an instant snapshot of your BEE scorecard.
How it works:
In order to earn points for skills development, enterprise development and socio-economic development you need to prove that you are spending time or effort on these actions. To earn points for other elements you need to record them and prove the information – e.g employment equity.
Internal training including time and effort can also be taken into account - if it can be documented and costed out. Many managers spend many hours per week training staff. Every day, or once a week the manager will login to the system and capture any training performed, any mentoring or spend on enterprise development or socio-economic development. This will form the basis of the documentary evidence required for the rating. This will have the effect of motivating management to continue existing actions or take remedial action where necessary.
The system is easy to use and will take a minute or two per day or any one manager’s time.
At any point you can extract a detailed report of all activities and spend. This becomes a management tool as well as ensuring that you earn all the BEE points you deserve. The system calculates your BEE score and allows you can print out your latest up to date scorecard
EconoLog - Your Complete BEE Solution
|Last Updated ( Friday, 20 May 2011 13:00 )|