Aims of EE retainer

The retainer is aimed at enabling SEIFSA members to focus on their business by providing them with continuous specialist consulting and practical support that will ensure that EE is practiced and managed in manner that will ensure full EE compliance, the avoidance of fines, and once Sector Targets are in place, the inclusion of Management Control in members’ B-BBEE scorecards, and the retention of State contracts.

EE assistance in the EE retainer offered by SEIFSA through its alliance partner EES-SIYAKHA

The following EE assistance is included in the retainer:

• An assessment of members’ EE Compliance including recommendation to address these.
• The facilitation of the conducting of the Section 19 Analysis, and development of a fully compliant and meaningful EE Plan, aimed at negating the risk posed by Sector Targets, anytime during the duration of the three-year period of the retainer (optional).
• Equity Pro Lite Module license fee and access thereto for the three-year duration of the retainer.
• Monthly importing of members’ Workforce Profile data received from members to ensure that ‘real time’ EE data is available to members’ Managers and HR when making appointments so as to enable them to identify the most underrepresented race and gender groups to target for appointment according to their EE Plan based on the gap between such real time data and their EE Plan – to negate the risk of being found in D-G Reviews not to have made sufficient progress in achieving their EE Goals and Targets.
• Three hours training for Line Managers and HRBPs on Equity Pro to enable them to identify the above gaps.
• Two-day EE Training session for EE Committee (EEC) members during the retainer.
• Preparation for, and attendance (and Chairing if required) of, quarterly EEC and EE Management meetings to ensure that EE is properly and effectively implemented, and monitored
• A further one hour assistance (if < 1000 employees), or two hours (if >1000 employees), per month which includes assistance in the setting up of EE Committees, monthly meetings, overseeing the effective usage of Equity Pro by members in making appointments, ensuring the effective management of EE and dealing with the DEL if targeted for D-G Review.
• Annual preparation of EEA2 and EEA4 reports for submission to the DEL.

Retainer period

The retainer being offered to members is offered for a period of 3 years on the basis of members subscribing to the retainer paying the monthly retainer fees to SEIFSA set out below.

EE retainer assistance monthly fee to SEIFSA members and non-members (excluding VAT)

Band No	Company Size – No of Employees	Retainer with EE Analysis and Plan not included*		Retainer with EE Analysis and Plan included*
		MEMBERS	NON-MEMBERS	MEMBERS	NON-MEMBERS
1	< 50	R5 100	R6 300	R7 200	R8 980
2	51 – 150	R5 200	R6 500	R7 350	R9 100
3	151 – 300	R5 400	R6 650	R7 960	R9 860
4	301 – 500	R5 550	R6 800	R8 600	R10 630
5	501 – 1000	R5 800	R7 100	R9 300	R11 480
6	1000 – 2000	R6 990	R8 500	R10 940	R13 480
7	> 2000	R7 250	R8 850	R11 680	R14 380

*Prices calculated on the basis of only one Equity Pro Module being used to import monthly data, set EE Goals and monitor EE. Quotations will be provided if more modules are required.

The facilitation of Section 19 analysis and development of a compliant and meaningful EE Plan

EES-SIYAKHA’s above assistance ensures that the process followed is fully consultative, and that a compliant and meaningful EE Plan is developed, aimed at negating the risk of being fined 2% of turnover, and once in force, the above risks posed by Sector Targets. The assistance included in this process can be accessed .

Terms and conditions of retainer service

The terms and conditions of the retainer can be accessed .