There are many characteristics that need to be considered when reviewing a company’s performance and contribution to its industry. The term “Years of Employment” is simply defined as the number of 12-month cycles from the start date that an individual is employed. So why is this metric significant when evaluating the impact that AltGen has had on the local and global economy?
AltGen specialises in recruitment and employment services within the renewable energy and sustainability sector, meaning that the volume of experience and jobs created within this sector will be an important indicator as to whether AltGen is having a significant socio-economic effect. To gauge this contribution it’s best to understand the company structure. There are two divisions of AltGen that contribute to the overall Years of Employment, namely AltGen Recruitment (AGR) and AltGen Employment Services (AES).
AGR has been operating for 10 years, placing candidates in the renewable energy value chain with all the global energy contenders that work in Africa. AES employs several hundreds of staff in the Northern Cape of South Africa and offers Employment Services both locally and in Kenya. If we review the total number of years of employment that both entities have contributed, AGR has a total of 100 years of employment since 2021, and AES has contributed almost 256 years of employment since 2018. This means as a group AltGen has contributed roughly 356 years’ worth of employment to the renewable energy sector, with a current approximate growth of 300 years per annum. This metric isn’t just an important indicator of the success and growth of a business but is also an important aspect of the labour-intensive contribution AltGen makes to the renewable energy industry.
So how are the years AltGen has contributed unique compared to other recruitment or employment agencies? The answer to that is specialisation. Other firms may operate under similar business structures; however, they mostly operate on a broad spectrum and don’t have a particular sector focus. While these businesses may have a similar volume of years contributed, it is usually spread over various sectors and industries, whereas AltGen exclusively focuses on the renewable energy and sustainability sector, and therefore the total volume of Years contributed will form part of that sector. This concentrated growth is being channelled into an industry that is crucial to our world’s future health. The renewable energy industry is first and foremost a long-term solution to the effects of climate change, as well as being a source of job creation. Additionally, there has been a need in South Africa for reliable sources of energy, as traditional sources have proven to be unsustainable, and this is where renewable energy organisations and projects have played a large role in empowering local communities and businesses through sustainable energy sources.
In closing, the contribution itself of Years of Employment in any sector is an important element of socio-economic development, however through specialisation not only does the company position itself more effectively to achieve said growth but it is concentrated into the significant and valuable renewable energy industry that may change the world as we know it, and we are proud knowing we’ve contributed at least 350 years to it.