Job creation in SMEs: ERM annual report 2015
Publicado: 27 January 2016
The European Restructuring Monitor (ERM) annual report for 2015 explores the issue of job creation in small and medium-sized enterprises (SMEs). SMEs are increasingly recognised as a job engine for Europe. However, given the heterogeneity of the vast SME population, not all contribute equally to employment growth. This study seeks to identify which SME types are more or less dynamic job creators and to determine their main drivers and barriers for job creation. It also examines recruitment in SMEs, the extent of public debate on job creation in SMEs, and public support instruments available to SMEs that encourage them to create jobs. The study finds that SMEs that tend to create jobs are often young, innovative, internationally active, located in urban areas and run by skilled managers with the capacity to plan and realise active growth and investment strategies. However, a combination of both external and internal company factors, rather than individual characteristics, determines the job creation potential of these companies.
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ISBN
978-92-897-1434-1
Número de páginas
119
Número de referência
EF1561
ISBN
978-92-897-1434-1
Número de catálogo
TJ-AL-15-001-EN-N
DOI
10.2806/342142
Link permanente
http://eurofound.link/ef1561
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18 November 2015
In light of the recent economic and financial crisis and its detrimental effects on EU labour markets, both academics and policymakers are paying increasing attention to the role of small and medium-sized enterprises (SMEs) in job creation. SMEs, defined by the European Commission (2003) as companies with fewer than 250 employees and turnover of up to €50 million or a balance sheet total of up to €43 million, constitute 99.8% of all businesses in the European non-financial business sector. In 2014, these 22.3 million companies accounted for 67% of total employment and contributed considerably to job growth despite employment in the EU being 1.3 percentage points below the 2008 level.
