As a young person in South Africa ready to take on the working world, you should be aware of all the opportunities available to you
The YES Programme or Youth Employment Service initiative is focused on addressing youth unemployment in South Africa as well as upskilling the youth through job placement for long-term economic prosperity.
What is the YES Programme?
In a nutshell, the YES Programme is a joint effort by the private sector and government to facilitate job creation and address the inequalities in wealth distribution currently prevalent in South Africa. To address these issues the YES initiative aims to create up to half a million jobs and job opportunities over the next three years for young black South Africans through skills training and employment initiatives.
By integrating the YES Programme into existing training efforts, businesses have an opportunity to maximise their B-BBEE scorecard points.
The YES Programme for Businesses and Enterprises
Corporates are encouraged to participate in the YES Programme as a means of upskilling the unemployed youth and facilitating job placement when they are ready for the corporate environment.
The YES initiative sign-up may seem daunting to businesses that have already put their training and transformation strategies into motion.
Fortunately, a specially designed Youth Employment Services implementation programme is made available via the SERR YES Programme whereby we align your specific needs with tailor-made solutions to address the full spectrum of B-BBEE and YES compliance for your business. This is the easiest way to involve your business or enterprise with YES to reap the accompanying benefits. The YES programme can assist entities to enhance their overall B-BBEE status with up to 2 levels.
The Qualifying Criteria for YES Registration
The YES registration qualifying criteria are based on the fact that businesses must meet certain standards to be eligible for the YES Programme. These requirements include but are not limited to the following:
- YES benefits B-BBEE scorecard entities only.
- The entity must have previously made an effort to improve or at least maintain their B-BBEE level status.
- Black youth aged 18-35 must be employed on 12-month contracts (temporary or fixed term).
- Positions must be created for the YES initiative and not replace existing positions.
- At least 40% of the points required for each priority element of the B-BBEE scorecard, or 50% average across all priority elements (Ownership, Skills Development, Enterprise, and Supplier Development) and 40% average for QSEs.
To discover more about how the SERR YES Programme can benefit your business and the youth of South Africa, contact SERR Synergy for expert advice. We aim to build businesses and the economy alike by actively implementing youth employment services and B-BBEE strategies, making compliance simple.
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