In South Africa, 7,2 million out of a total of 20 million young individuals are currently unemployed
To combat this crisis, the Youth Employment Service (YES) initiative was introduced to encourage corporates to contribute to the empowerment of the unemployed through skills development and job creation.
This transformative initiative was embarked on to benefit the South African economy as a whole and to bring about positive change. However, many professionals are still unsure about the actual objectives of the YES initiative and why corporates should consider integrating it with their strategy. To deal with this uncertainty, we list a number of frequently asked questions to provide businesses with a more holistic understanding of why the YES initiative should be embraced as a socio-economic trend.
What is the YES initiative?
The YES programme was introduced to stimulate job creation and the employment of youth in South Africa. Corporate businesses are therefore encouraged to create new one-year positions for unemployed youths over and above current employment. During this 12-month period, the aim is to develop the participants’ skills and offer them the necessary experience to pursue permanent employment opportunities.
What are the objectives of YES?
The main goal of YES is to create one million jobs and job opportunities by the year 2021. These jobs are to be provisioned for young, black South Africans who will have received skills development through learning programmes in the form of non-accredited and accredited training courses while participating in the YES programme.
How do businesses benefit from implementing YES?
The benefits for businesses in adopting the YES programme include the following:
- They can qualify for youth employment tax incentives (ETI) by incorporating YES.
- Enterprises can climb up to two levels on the B-BBEE Scorecard.
- Enterprises can claim 50% of YES training expenses as Skills Development expenditure on B-BBEE scorecard.
- Businesses can boast socio-economic transformative strategies in their awareness initiatives.
- Employment processes are made easier by offering exemplary candidates with permanent employment.
How can businesses implement YES successfully?
Businesses can implement the SERR YES Programme in a streamlined manner with minimal disruption and maximum effectiveness. Further benefits derived from the YES programme include the following:
- Qualifying youth employee candidate sourcing
- YES programme registration service
- Full labour compliance and workplace integration service
- Fast and efficient YES implementation.
Contact SERR Synergy to find out more about the YES programme and get ready to embrace the spirit of empowerment and transformation while reaping many benefits for your business.
Business Essentials is Africa’s premium networking and business directory.
Read more from our Press Room: