Johannesburg: President Cyril Ramaphosa has launched the Youth Employment Service today under the theme (YES initiative) which aims at placing more than one million young South Africans and being offered paid work experience over the next three years.
It is understood that the initiative takes the form of a partnership led by President Cyril Ramaphosa between governments, business, labour and civil society.
The programme has three channels through which employment opportunities can occur:
- Corporate work experiences: businesses that participate in the programme create one-year paid positions for youth aged between 18 and 35, in addition to these organizations’ current employment numbers, YES is additive;
- SMME host placements: businesses that do not have the capacity to place more people in their organizations have the option of sponsoring the salary for a one-year placement in small and medium enterprises (in year one for 7 to 10 months); and
- SMME development: young people are empowered to start and grow their own businesses, with support from YES in the form of training, seed funding and value-chain integration.
According to reports research has shown that one year of work experience, coupled with a CV and reference letter, increases a young person’s chances of finding employment by three times.