Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook claims to highlight how most SME job creation has been in sectors with below average productivity levels, with SMEs typically paying employees around 20 percent less than large firms. While SMEs are more engaged in new organisational or marketing practices than large firms, and sometimes more innovative in developing new products and processes, many continue to struggle disproportionately with developing the skills and resources needed to navigate the increasing complexity in technologies and markets.

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More than a third (37 percent) of employees aged 45 and over believe that age discrimination is an issue where they work, according to a new analysis from Aviva. Those aged 55 to 59 feel this most strongly (41 percent). One in five (19 percent) feel younger colleagues are favoured over older generations, while 19 percent believe their age has become a barrier to career progression and development. However, over half (53 percent) of employees aged 60 and over are not ready to retire, increasing to 61 percent for people still working past the age of 65. (more…)

The majority of British workers would put in an extra ten hours a week for growing firms, according to a new survey report from Kimble Applications According to the firm’s Business Growth Report, which surveyed 1,000 full-time employees in the UK, 56 per cent of British workers would commit to an extra ten hours of work per week if it meant working for a growing company. Moreover, nearly two-thirds (62 per cent) of employees say that the growth and success of their employer directly contributes to their personal happiness. Eighty per cent believe that working for a growing company will help them grow more professionally.

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