30 INTEGRATED ANNUAL REPORT 2024 Employee Training and Development During the reporting period NCT spent R1.5 million on training of staff. NCT recovered R382 845 from the Fibre Processing and Manufacturing SETA as a skills development refund for the training NCT did in the previous reporting period. The voluntary employee turnover for NCT was 0.14% during 2023. This is an incredibly low number considering that other local forestry organisations have shown turnover figures of more than 6% and globally the voluntary turnover of staff is at 6.15%. This gives us confidence that NCT is still an employer of choice, and that we can offer an employee value proposition which is both attractive and marketrelated. It further contributes to keeping costs associated with recruitment lower than the average organisation in South Africa which needs to fill more vacancies. NCT is mindful of the global “great resignation”, and we will adjust our employee retention strategy as may be required. Voluntary Employee Turnover – NCT Group Group Training Spend Group SETA Refund
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