The Youth Employment Service NPC recently released its 2024 Annual Report with some exciting results.
YES concluded its last financial year (FY23) by reaching the 100,000-job milestone. In FY24, its fifth year of operation, and as South Africa’s largest 12-month, full-time jobs programme, YES continued its upward trajectory to yield record results. By the end of March 2024, YES had created a grand total of more than 139,906 jobs and a record 37,092 for FY24 – a 14 percent increase over the corresponding period in FY23, despite a negative economic environment.
YES’s programme renewal rate drives YES growth because it is a measure of the initiative’s success and directly influences the ability of YES to scale and to keep generating jobs. YES scored well, with a 71 percent programme renewal rate that attests to our clients’ trust and long-term commitment.
YES has also continued to focus on efficiency and automation in scaling youth jobs. The YES cost per job is an average of R2,366 (4.2 percent of youth benefit). With many NPOs aiming for a 10% operational cost to benefit target, YES, at 4.2% is significantly better than this benchmark indicative of a lean operating model which is fully funded by the private sector.
YES Services are available to assist members in understanding requirements under the Youth Employment Service initiative.