Are we spending enough to make a real difference? Are we spending too much for less? At the 2019 National Skills Summit, the Minister of Higher Education noted that South Africa has a significant budget for PSET, but seemingly has less to show for it. In light of these questions, the Minister for Monitoring and Evaluation in the Presidency asked PSET role players to strengthen their evaluations to show whether we are doing the right thing (relevance and impact) and whether we are doing the right thing right (effectiveness and efficiency) .
Perhaps in anticipation of these questions, a year earlier, the Banking Sector Education and Training Authority (BankSETA) in partnership with Rhodes University, and supported by the DHET launched a meta research project to strengthen monitoring and evaluation in a SETA environment, made up of nine projects that focus on different parts of the PSET system. One of these projects focused on the development of a cost benefit evaluation tool for SETAs.
Developed as part of BankSETAs meta research project to strengthen monitoring and evaluation in a SETA environment, this Cost Benefit Evaluation (CBE) Tool aims to assist you in assessing the costs and benefits relative to your skills development initiatives.
The tool requires your input in two parts of the tool to:
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