07 May 2018
Say YES to a future that works
Youth Employment Service (YES) is one of the first social compacts between government, business and labour created to give one million youth one million opportunities to succeed while securing South Africa’s economic prosperity.
Join the movement, #LetsCreateJobs for youth
"We are looking at way beyond a million [jobs] because this is a movement – we’ve started a movement today." – President Cyril Ramaphosa
It's only the beginning
Through the Youth Employment Service initiative, he’s now started work as an intern at a logistics company in Mpumalanga.
He's one of the first 100 YES beneficiaries selected for a chance at quality work experience.
"Now I will have the experience. I want to make sure I grab this opportunity with both hands."
– Akani Mbondzisa
Give one million youth one million opportunities to succeed
All it takes is one chance to build a better future
Investec CEO Stephen Koseff together with Colin Coleman, Managing Director, Goldman Sachs, are leading the YES Programme as part of the CEO Initiative.
With a unique collaboration between government, labour, civil society and the youth, this represents a benchmark in fresh, bold responses to our country’s unemployment crisis.
"If you give a person a chance at a year-long opportunity and they come out of that with a CV and some kind of reference letter, you improve their chances threefold of being called back for another interview."
– Tashmia Ismail-Saville, CEO of YES
Worse still, 56% of the million young people entering the job market each year don’t have a matric, giving them little hope of employment and leaving them vulnerable to a loss of dignity and succumbing to social ills.
Youth Employment B-BBEE recognitionGovernment have introduced a new Youth Employment B-BBEE recognition, allowing a business that meets YES targets and complies with registration criteria to move up a level on their current B-BBEE scorecard.
In addition, to encourage demand-side job creation, companies employing black youth between 18 and 29 years old will qualify for the Employment Tax Incentive.
YES is applying fresh thinking to create new work opportunities; giving youth a chance to establish a future, becoming self-directed and restoring their dignity.
"Our most grave and most pressing challenge is youth unemployment. It is, therefore, a matter of great urgency that we draw young people in far greater numbers into productive economic activity."
President Cyril Ramaphosa
Six ways companies can get involved
As a company, you can sign up to:
- Place youth inside your company on your payroll
- Place youth in black-owned SMME’s close to where the youth live
- Develop youth-owned micro-enterprises that feed into your supply chain
- Place youth into an external service provider for training and work experience
- Provide youth with skills development and training programmes
- Support the establishment of YES Hubs in critical areas
Investec Private Bank held an In Conversation event in October 2017 with Pravin Gordhan, Tashmia Ismail-Saville, Stephen Koseff and Redi Tlhabi on "unlocking growth in the township economy".
Find out more about YES