1.3 Skills development for SMEs

1.3 Skills development for SMEs

Upskilling of employees is a preferred strategy for employers to cope with skills shortages, often in the form of continuous education and training. But large groups of employees would benefit from more informal forms of skills development. 

Globally, small and medium enterprises account for 90 to 95% of all firms and 60 to 70% of total employment, when both formal and informal SMEs are taken into account. SMEs are thus the backbone of economies and empl...