There is broad agreement that small and medium-sized enterprises (SMEs) are vital to achieving decent and productive employment as they globally account for two-thirds of all jobs and also create the majority of new jobs. Therefore, the promotion of SMEs has been a key area of intervention for the ILO. Its advisory services on SME policies are in high demand among ILO member countries. The ILO provides added value because of its focus on both the quantitative and qualitative aspects of employment creation and the fact that it serves constituents that provide a large potential outreach.
Five things SMEs need to survive COVID-19
The COVID-19 outbreak has hit Small and Medium Enterprises and their workers hard. So what do SMEs need and what has worked in previous calamities to help them survive? Here are our top five policy options.
The COVID 19 pandemic will have a strong effect on labour markets worldwide. Especially in developing economies, where more than 70% of the workforce is in self-employment or works in micro, and small enterprises…. (read more)
The 2015 ILO Report on SMEs and employment creation provides evidence on the relevance of SMEs for employment, the key constraints faced by SMEs and their workers, and the effectiveness of measures to support this enterprise segment.
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