SME Chamber President meets MDB Officials
22 April 2024
Malta Chamber of SMEs President Mr Paul Abela met MDB Chairman Leo Brincat and CEO...
SMEs Is A Key Of The Answer to Youth Unemployment
23 October 2011
As part of the European SME Week and of the Youth@Work initiative aiming at linking young people and business, the European Commission organised a round table on youth employment last week in Brussels.
Speaking at the event, Social Affairs Policy Director Liliane Volozinskis stressed that SMEs have a keen interest in hiring young people, as they more than ever "race for talents" and face a mismatch between supply and demand of skills.
Lack of competences is a real obstacle in this respect, alongside rigid labour markets and a macroeconomic environment not conducive to job creation.
Although SMEs may not be sought after like multinationals, working for them offers many insufficiently recognised advantages, such as more autonomy, more responsibilities, higher satisfaction at work and better personal development, said Ms Volozinskis, who also highlighted the high level of SME investments in work-based.
