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What the CFE report means for SMEs

Several recommendations are made to help SMEs meet the challenges of the future.

With regard to talent acquisition and retention, SMEs often lose out to more established MNCs and branded companies. In this context, the work-learn programmes benefit SMEs because they provide SMEs with an opportunity to acquire workers with more competencies and skills to scale up their respective businesses.

THE Committee on the Future Economy's (CFE) report, released on Feb 9, provides big-picture recommendations for small and medium enterprises (SMEs). SMEs are a key plank of the economy, accounting for around half of our economic output, and employing two-thirds of the workforce. How can they...

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