Amended Codes of Good Practice (2018): Youth Employment Service Initiative > Amended Code Series 000: Framework for Measuring Broad-Based Black Empowerment > Statement 000: Youth Employment Service > 7. Informal Skills Development Spend for the Y.E.S Initiative

7.1

Informal Skills Development expenditure for Y.E.S employees will be recognised during the Verification Process of the Skills Development element under Amended Code Series 300, Statement 300. Y.E.S Measured Entities will be able to claim up to 50% of their Skills Development Spend as Informal Training (Category F and G of the Skills Development Matrix) against the Skills Development Scorecard.

TABLE 1 - ANNEXURE A: GENERIC ENTITY TARGETS

TOTAL REVENUE BAND (RM)	MINIMUM BLACK YOUTH JOBS
50 - 75	6
75 - 99	7
100 - 149	8
150 - 199	9
200 - 249	10
250 - 299	11
300 - 349	12
350 - 399	13
400 - 449	14
450 - 500+	15

TABLE 2 - ANNEXURE B: EME/QSE HEADCOUNT TARGETS

EME/QSE HEADCOUNT	Y.E.S YOUTH TARGET	EME/QSE HEADCOUNT	Y.E.S YOUTH TARGET
1 - 19	1	400 - 419	21
20 - 39	2	420 - 439	22
40 - 59	3	440 - 459	23
60 - 79	4	460 - 479	24
80 - 99	5	480 - 499	25
100 - 119	6	500 - 519	26
120 - 139	7	520 - 539	27
140 - 159	8	540 - 559	28
160 - 179	9	560 - 579	29
180 - 199	10	580 - 599	30
200 - 219	11	600 - 619	31
220 - 239	12	620 - 639	32
240 - 259	13	640 - 659	33
260 - 279	14	660 - 679	34
280 - 299	15	680 - 699	35
300 - 319	16	700 - 719	36
320 - 339	17	720 - 739	37
340 - 359	18	740 - 759	38
360 - 379	19	760 - 779	39
380 - 399	20	780 - 799	40

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2018): Youth Employment Service Initiative

Amended Code Series 000: Framework for Measuring Broad-Based Black Empowerment

Statement 000: Youth Employment Service

7. Informal Skills Development Spend for the Y.E.S Initiative