A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
New plan sets out action to reach 75% employment target for the EU by 2020.
The agenda for new skills and jobs aims to make labour markets more flexible, give workers the skills they need, improve working conditions and create jobs.
The main goal – by 2020 – is to achieve an employment rate of 75% for all people between 20 and 64. It is one of the five key elements of the EU's growth and jobs strategy, Europe 2020.
Job creation is one of Europe's most pressing concerns. Today, 10% of 20 to 64 year olds – some 23 million people – are unemployed. And it's not that there are no jobs available. Estimates show that by 2015, the EU will lack 2.7 million skilled workers in the IT, health and research sectors.
The bloc's aging population makes the situation more complicated. The percentage of those in work must increase to offset both the large number of retirements expected in the next few years and the number of jobs lost during the recession.
The agenda has four priorities:
A single, open-ended work contract gives employees more protection from firing the longer they work. The contract would provide more job security for workers, but would be flexible enough to urge employers to hire.
An online database that forecasts skills supply and labour demand will help people make education and training choices based on the future job market, improving their employment prospects.
Businesses would also be able to consult the site, making it easier to find workers with the skills they need. Such pre-emptive action should prevent skill gaps.
The plan also calls for EU-wide recognition of qualifications, namely through the 'European skills passport'.
The commission will review existing laws on working time, health and safety and the integration of non-EU workers.
The commission will propose ways to enable job creation by cutting red tape. They will include reducing non-wage labour costs and addressing legal obstacles to hiring, firing, setting up new companies and self-employment.
The commission is set to apply the agenda's 13 action points between now and 2014.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).