The Youth Employment Service (Y.E.S.) Initiative is to provide for, and institute, Broad-Based Black Economic Empowerment (B-BBEE) recognition for Y.E.S. measured entities.This Initiative will assists all measured entities in moving up 2 levels as well as our youth in succeeding in their first work experience.
Working with Skills College will guide you through the Y.E.S. initiative from recruitment until verification, ensuring a net cost of R 1500 per candidate per month as well as being able to claim R 22400 (R 1867 per month) towards accredited training spend for the Skills Development element on your Scorecard.
> Must achieve at least the 40% sub-minimum for priority elements of the generic B-BBEE scorecard. Alternatively, Generic entities must achieve an average of 50% across your entity’s 3 priority elements (ownership, ESD, SD).
> Your company, as well as the candidates, need to be registered with the yes4youth initiative.
> Achieve Y.E.S Target and 2.5 % Absorption - Move 1 B-BBEE Recognition Level up on the Scorecard.
> Achieve 1.5 x Y.E.S Target and 5% Absorption - Move 1 B-BBEE Recognition Level up on the Scorecard + 3 Bonus Points to the overall Scorecard.
> Double Y.E.S Target and 5 % Absorption - Move 2 B-BBEE Recognition Levels up on the Scorecard.