According to statista.com, the unemployment rate of youth in South Africa reached 53.18 percent in 2019 and the unemployment rate of youth climbed in Q1, with youth accounting for 63 percent of the total unemployed population according to statssa. This poses a problem to both youth and companies looking to adapt.
With these statistics growing annually, and in honour of Youth Day, it’s now more important than ever to explore the benefits of employing young talent.
They offer a fresh perspective.
With the rise in changing customer perceptions through millenial buying patterns, younger workers understand the trends and technology associated with it. They offer fresh perspectives on targeting new clients and bring new energy to the workplace, ultimately contributing to overall diversity.
Easier onboarding.
Younger individuals adapt better, and would contribute toward an easier onboarding process, by getting them familiar with company processes and procedures more quickly.
Training, up-skilling and workforce development.
Training younger employees and unemployed youth through learnerships and apprenticeships not only contributes toward your Skills Development spend on your B-BBEE Scorecard, it develops your workforce. Ultimately it aids in training youth to become leaders in their respective fields and if unemployed learners are absorbed, they contributes towards better productivity and further points on the Scorecard.
Affordability.
Studies show that it is more cost effective to grow your workforce than to buy in talent later on. Learnerships and apprenticeships are beneficial for both companies and youth, with the benefits for companies ranging from stipend payments to tax incentives, with reports that employers are able to recoup their training spend within two years.
Adaptability.
According to a study made by sciencedaily.com, younger people adapt easier to sudden change. With technology rapidly progressing and the corporate landscape changing to adapt to those changes, it is beneficial that our workforce is able to easily move forward and adapt with it.
Are you looking to hire young talent? Do you need a Training Provider or a B-BBEE advisor?
Mind the Gap Solutions offers Recruitment Services, Skills Development and Training and B-BBEE advisory, design and implementation. Get in touch with us here for information on the comprehensive services we offer South African businesses.
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