“WE CANNOT ALWAYS BUILD THE FUTURE FOR OUR YOUTH, BUT WE CAN BUILD OUR YOUTH FOR THE FUTURE.”
-FRANKLIN D. ROOSEVELT
01
WHAT IS YES?
YES, also known as the Youth Employment Service, is a social compact between business, government and labour with the objective of creating over one million job opportunities for South African youth. YES encourages businesses to contribute toward addressing the youth unemployment crisis in the country by upskilling youth though a 12-month quality workplace experience.
By participating in YES initiatives, businesses can receive up to two B-BBEE status levels. Depending on the head count target of Black youths placed in workplace opportunities, the following benefits can be realised for businesses:
An increase of 1 B-BBEE level for 100% headcount target placed and 2.5% absorption;
An increase of 1 B-BBEE level plus 3 points for 150% headcount target place and 5% absorption;
An increase of 2 B-BBEE levels for 200% headcount target placed and 5% absorption.
Furthermore, companies have the added benefit of qualifying for the Employment Tax Incentive (ETI) when they employ youths between the ages of 18 and 29. Companies can also claim up to 50% of the Skills Development Spend as informal training for YES employees.
Signa Opportunity recognises that clients require support in the interpretation and roll-out of a YES Programme. As a result, Signa Opportunity have compiled a consultative process that includes compliance support that aligns to and enables the YES programmes and meets both YES and B-BBEE compliance requirements. Signa Opportunity aims to contribute and enable sustainable youth employment by implementing best practices to achieving YES targets.
Signa Opportunity offers clients an array of programmes that allow them to create economic pathways for South Africa’s youth. Among our offerings is the Youth Employment Service (YES) Initiative. Our programmes will facilitate and promote the creation of employment and self-employment opportunities for every youth member that comes through Signa Opportunity.
“WE KNOW THAT THE CHALLENGE OF YOUTH EMPLOYMENT IS ONE THAT NEEDS URGENT ATTENTION.
THE DEVELOPMENT OF SKILLS RELEVANT TO MARKET DEMANDS IS A CRUCIAL WAY IN WHICH WE CAN ADDRESS THIS.” – BILL RAMMELL
05
WHAT DO YOU
NEED TO DO TO
GET INVOLVED?
Be part of the change today.
Contact us today and we will help you reach your youth employment targets. With us, you will get a customised YES solution that is tailored to your business needs. We will also help you with the implementation and roll-out of your YES Initiative. That way you will help youth candidates begin their career paths.
