Some 14 million out of the nation's 16 million staff are hired in small and mid-sized companies, a recordvia the Small and Medium IndustryManagement shows. They were also accountable forlots of the new jobs that were created during the last six or seven years. From 2009 to 2014, 2.56 million new jobs were created, and 2.28 million jobs or 88.8 %got here from SMEs.But the space in wages and other prerequisites continues to widen between massive businesses and SMEs, which is hanging many young other people off, resulting in a emergingadolescence unemployment rate.
The moderateper thirty days salary in SMEs stood at W2.94 million in 2015, just 60.6 percent of the W4.85 million staff in bigcompanies earned (US$1=W1,180). The salaryhole has in reality worsened since 2009, when SME workforce earned 61.4 percent in their counterparts' salaries in huge businesses.Despite soaring children unemployment, SMEs hence still face a scarcity of workers because they can notconvince young individualsthat they've a viable long term there.