The "youth employment quota," which currently applies only to government agencies and government controlled or invested enterprises, may be temporarily expanded to cover large (300+ employees) private companies. For the next three (3) years, until 2020, subject companies may be required to hire sufficient young (below 35) workers to constitute 3 to 5 percent or more of their workforce. Failure to comply with this requirement will subject covered employers to a youth-employment levy (essentially an administrative fine).

Notes If passed, this regulation will have a direct impact on hiring costs for companies with 300 or more employees. However, as the current youth-employment quota regulation has been subject to heated controversy--including legal challenges--due to its potential for reverse age-discrimination, a contemplated expansion may invite similar constitutional challenges.