The Youth Employment Service (Y.E.S) Initiative
More than one in every three young people in South Africa are unemployed. The Youth Employment Service (Y.E.S) Initiative is the product of the private sector engaging with government to find workable solutions to this youth unemployment dilemma.
Through Y.E.S, youth will have the opportunity to develop skills and gain experience – becoming more employable, and being afforded an increased opportunity to become productive contributors in our economy.
For employing businesses, the Y.E.S Initiative enables up to two levels of enhanced BEE status recognition if youth job creation targets are met.
- Nation building impact and reduced unemployment
- Enhanced BEE level recognition
- Unlocking a ‘future talent’ pipeline
Y.E.S Targets and Enhanced Recognition
Companies can increase their BEE recognition level:
- 1 level for meeting the youth employment target and 2.5% absorption
- 1 level +3 points for 1.5 x youth employment target and 5% absorption
- 2 levels for doubling the youth employment target and 5% absorption
The youth employment target is based on the higher of:
- 1.5% of headcount
- 1.5% of NPAT / R55,000; or
- As determined by a table based on revenue
Eligible participants are between the ages of 18 and 35 and meet the definition of Black people as per the BEE Act.
How we can help you
- Y.E.S training
- Modelling your Y.E.S requirements and related programme planning
- Recruiting, registering, placing and managing your Y.E.S candidates
- Finding fitting hosts for your Y.E.S candidates, if they cannot be hosted internally
- On-boarding and providing work readiness training
- Ongoing Y.E.S monitoring and evaluation
- Absorption planning and implementation
- Y.E.S impact scorecard review
Transcend is proudly a YES4Youth Member
“developing our youth, building our nation”
“enabling up to two levels of enhanced BEE recognition”
Upcoming Y.E.S Training
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Access the Y.E.S Gazette:
Access the Y.E.S practice note:
PHASE 1 – TRAINING AND MODELLING
- Training – delivered to both the senior management team and the BEE team in your organization, this assists your business prepare for implementing Y.E.S in line with best practice. We propose two half day sessions. One for the senior management team and the other for the BEE team.
- Modelling – this involves understanding how many Y.E.S candidates are required as per the specified dti criterion. You will also receive access to Transcend’s Y.E.S modelling tool during training sessions.
PHASE 2 – REGISTRATION, RECRUITMENT, AND HOSTING
The next important step in the starting phases of implementing Y.E.S in your business is recruitment and hosting. This phase involves:
- candidate recruitment and registration – we will assist with finding suitable Y.E.S candidates, and will register them, as necessary, with the Y.E.S Initiative Management Company;
- internal hosting – the ideal placement of Y.E.S candidates is within your business before looking at external hosting. We work with you to assess the optimal balance for your business; and
- external hosting – where external hosting is required, we will facilitate the process of identifying and engaging appropriate hosts, and placing the Y.E.S candidates.
PHASE 3 - WORK READINESS
- candidate work readiness – we will conduct work readiness training for the candidates applying our work readiness models; and
- employer readiness – you as the host employer will receive guidance in order to realise a smooth 12-month programme.
PHASE 4 - MONITORING AND EVALUATION
- candidate monitoring – we will partner with you to monitor the performance of each candidate;
- monthly reporting – you will receive monthly or quarterly reports depending on your requirements; and
- annual reporting – you will also receive a summarised annual report at the end of the programme.
PHASE 5 – CLOSE-OUT: ABSORPTION; PROGRAMME REVIEW; PLANNING FOR THE NEXT YEAR
- absorption analysis – review of absorption targets, and engagement with you and external hosts to assess Y.E.S candidate absorption opportunities;
- scorecard impact assessment – we provide you with a pre-audit enhanced recognition realization assessment;
- close-out meetings with you – review of your Y.E.S programme success, expected scorecard impact, and preliminary planning for the following year;
- close-out meetings with external hosts – review of Y.E.S programme success, and possible future participation; and
- close-out meetings with candidates – review of their learnings and experience, and discussion of next steps.
The Youth Employment Service (Y.E.S.) Initiative was gazetted by Minister Davies on the 28th of August with immediate effect. This initiative is the product of the private sector engaging with government to find workable solutions to South Africa’s youth...read more
One of the major problems facing South Africa is unemployment – which is currently sitting at around 37%. When looking at youth (18 - 35 years old) the unemployment rate is above 50%. This is a ticking time-bomb waiting to go off, and must be disarmed....read more