UN, ADB, Back Youth Wage Subsidy

African Development Bank and the United Nations backs the youth wage subsidy

Lynley Donnelly, who is currently in Arusha, Tanzania as a guest of the African Development Bank, says that as South Africa grapples with the idea of a youth subsidy, an international report has recommended providing firms with such incentives to hire young people.

The report, ‘African Economic Outlook 2012’, notes that in some countries direct or indirect incentives are offered to companies in exchange for recruiting young people.

It further states that employers are given funds that cover a part or the whole of the salaries of young workers, as well as other financial advantages such as social security waivers or reduction in labour taxes.

To read the article titled, “UN, Africa Development Bank back youth wage subsidy,” click here.

Source: 
Mail & Guardian

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