South Africa is no exception to the global unemployment phenomenon and has a national unemployment rate of 27,2%. We have seen our youth (*classified as between the ages 15 and 34) being largely affected by the economic slowdown and low levels of employment in the labour market.
SA’s youth are the most vulnerable in an economy where skills are required, with their future relying heavily on job readiness and ability to enter the job market. Much of the debate in South Africa today focuses on ways to facilitate job creation, to narrow income differentials and to redress inequalities in accessing wealth.
On 28 August 2018, the Department of Trade and Industry (DTI) gazetted the Youth Employment Service (YES) inclusion in the Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice. With the implementation of the YES initiative, broad-based transformation has entered a new phase of diversity, requirements, dimensions and facets. It is no longer limited to traditional considerations such as ownership and management but includes a strong emphasis on job creation.
Three major factors come into play for SA business owners – the employment of youth, B-BBEE requirements and training and development.
The YES initiative signifies huge progress towards facilitating SA’s youth to gain work experience through employment placement.
Businesses are in general uncertain about integrating the YES programme into an existing training and transformation strategy and maximising B-BBEE scorecard points for priority elements by incorporating YES.
SERR Synergy recognises the impact that the YES implementation has on business owners and their business operations. With this in mind, we have designed a unique SERR YES (Youth Employment Service) programme with tailor-made solutions to suit different business needs so as to address the full spectrum of B-BBEE and YES compliance requirements.
A first of its kind in South Africa, the SERR YES programme adopts a holistic approach by offering clients–
The aim of our SERR YES training programmes is to provide the youth with the necessary employability skills to ensure that they can become employable citizens in the current SA economy. Through our SERR YES training programmes we develop and empower the youth to apply skills through meaningful employment.
Please contact us for more information on our SERR YES programmes.
In order for businesses to qualify for YES, there are certain requirements for each of the business categories which they need to meet.
The targets for Generic Enterprises – (*entities with annual turnover above R50 million which may differ for certain industries) are determined as the greater of:
The targets for Qualifying Small Enterprises / QSEs (*entities with annual turnover below R50 million) and Exempted Micro Enterprises / EMEs (*entities with annual turnover below R10 million)
Participating in the SERR YES Programme is extremely attractive for enterprises to meet their YES targets. Should entities meet all the qualifying criteria and pre-conditions, which include conducting YES-specific learning programmes, YES can assist entities to enhance their overall B-BBEE status with up to 2 levels.
Companies will be able to claim up to 50% as informal Skills Development expenditure (informal, industry-led, non-accredited training) for YES training expenses on the Skills Development element of the B-BBEE Scorecard.
YES really needs you and me! YES is a viable model for inclusive economic transformation as it will increase employability and ultimately lead to positive social changes in South Africa and building a future that works for all.
*The SERR YES programme forms part of our range of business legal compliance solutions. Please contact us for more information on our SERR YES programmes.
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YES programme participation can assist qualifying businesses to enhance their overall B-BBEE status with up to 2 levels.