WINETECH Technical Yearbook 2019

TABLE 1. Categories of the importance of L&D. CATEGORIES

IMPORTANCE

● Skills development improves the overall skills levels of employees and therefore enables the business to meet their strategic and business objectives by empowering people with information, skills and knowledge. ● Is seen as extremely important as it is directly linked to competitiveness in any organisation and its industry. ● Plays a key role in driving effectiveness in the business and therefore also contributes to a decrease in errors by employees, as well as a decrease in downtime, hence also serving as a vehicle for risk mitigation in the company. ● Could help determine where the company should focus on in terms of its priorities. ● Is seen as a catalyst for change by encouraging new innovative ideas, thinking, networking, knowledge-sharing and behaviour by improving several aspects of the business. ● Can affect the product quality, business sustainability and approachability of the business by markets which are crucial for the growth and competitiveness of the business.

Business investment

● Is an important factor for establishing a link between investment and performance. ● Is important to support performance management in the business. ● Is vital as it affects the development, promotion, retention and succession planning initiatives.

Performance

● It is important to provide opportunities for employees to develop and grow and to keep up with current trends, both nationally and internationally so that they can stay relevant in their jobs when they help the business to achieve its goals quicker and easier. ● Provides impetus for management development to enable managers to improve their leadership and management skills. ● It is important to ensure that every employee has the necessary skills, hence it is critical to know where the lack of knowledge and skills are to ensure that gaps are filled.

Career growth

● Enables new job opportunities and therefore contributes to creating employment and career opportunities. ● Is necessary to develop a skills matrix for the company and the industry in order to identify skills gaps.

● Builds the self-esteem and confidence of employees when they acquire new perspectives and knowledge in specific subject matter. ● Improves cooperation between individuals. ● Improves the morale by creating a positive work environment and commitment to the investment of the future of people. ● Promotes an improvement in the qualifications of employees, including alternative skills development routes, such as learnerships and internships, in particular in cases where staff have only completed grade 7 or lower. ● Enables wine companies to recruit staff internally and to develop skills for BBBEE requirements, and therefore serve as a key enabler of transformation.

People investment

Transformation