Information session on the requirements for the implementation of the Youth Employment Service and implications for companies
Friday, 6 July 2018 13:00 to 15:00
South Africa’s unemployment rate is among the highest in the world at 26.7% in the first quarter of 2018, with the unemployment rate among youth (15 to 34) at 38,2% (Quarterly Labour Force Survey, Q1:2018).
President Cyril Ramaphosa launched the Youth Employment Service (YES) on 27th March 2018 as a joint effort between business, government and labour aimed at placing unemployed black youth aged 18 to 29 in companies for twelve months to gain access to work-readiness training and work experience. By creating job opportunities and delivering training for youth, YES seeks to contribute towards achieving social and economic transformation.
The incentive package for companies hosting the YES candidates includes government’s Employment Tax Incentive and Broad Based Black Economic Empowerment (B-BBEE) recognition. On 29th March 2018, the Department of Trade and Industry published for public comment a Gazette (Vol. 633, No. 41546) to amend the Draft Statement 000, Code Series 000 of 2018 in terms of section 9 (5) of the B-BBEE Amendment Act 2003, (Act No.53 of 2003) as amended by the B-BBEE Act of 2013. Whilst we await the outcome of public comments on the Gazette, it is important nonetheless for National Business Initiative (NBI) member companies to recognise the implications of the proposed amendements in relation to YES.
The NBI cordially invites you to attend an information session which will include inputs on:
The requirements, processes and protocols for companies wanting to participate in the YES initiative and the implications thereof.
The proposed amendments to the B-BBEE codes with respect to the introduction of YES and the implications for companies wanting to host the YES candidates.