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21-10-2014, 07:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:

HALF OF SMES STILL DON’T THINK THEY NEED TO IMPROVE PRODUCTIVITY

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21 Oct 2014 - 5:50pm


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According to the 2014 SME Development Survey, half of local SMEs don’t think they need to increase productivity yet.

While 51% of businesses said that they plan to make productivity improvements through rethinking their business model, the rest did not see a need to make any major changes to their operations.

Small to Medium Enterprises (SMEs) are the businesses which have been continually complaining to the government about the manpower shortage thanks to the tightening of foreign labour laws.

While some may legitimately be struggling, others have simply gotten too used to having a good flow of cheap, foreign labour to depend on.

Some of the concerns that SMEs raised in the survey include increased competition and manpower shortages.

20% of the SMEs indicated that they plan to expand overseas in the next year. This is an increase from the 14% who said the same in 2013.
The survey took responses from over 2,800 businesses.


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