According to a recent publication, Yes4Youth is described as a business-led collaboration that seeks ground-breaking ways, through innovation and technological best practice, to reignite the economy and give youth a dignified first chance.
The Yes 12month quality work experience equips unemployed youth with a toolkit to be a beacon of hope for their families, households, and communities. The CV and reference letter that they receive at the end of the 12-month period gives them a three time’s greater chance of an interview or call-back.
President Cyril Ramaphosa introduced the Yes programme in March 2018.
Entities participating in the Yes4Youth initiative also receive benefits. The benefits are seen as “gravy on the biscuit” (BEE certificate) and are set out in the following schedule:
If a measured entity achieves a 100% of their Yes target, the entity will be enhanced by one (1) Level.
If 150% of the target is met, the entity will receive one (1) level and three (3) additional B-BBEE points. Three points in certain instances may result in the entity being closer to achieving a better level.
If a measured entity achieves 200% of its yes target, two (2) levels enhancement can be achieved. The enhancement of levels will be allocated on the B-BBEE certificate, after being verified by a SANAS accredited BEE Agency.
Targets can be reached in three different ways, of which the highest target will be applicable. Notable key entities already participating in the programme are DHL, Nedbank, Nestle, ABSA, VW South Africa, Toyota, and Unilever to name a few.
The Yes4Youth initiative should be favourably considered as a suitable solution during these Covid – 19 times, to assist in the fight against youth unemployment in South Africa.
Contact Compliance Hub for more information on the implementation of the Yes4Youth Initiative in your business.
Edrich Linde: Executive Consultant - Compliance Hub