Home > Economy > Uncertainty over costs is hampering job growth - ISME

Uncertainty over costs is hampering job growth - ISME

Written by Kieran Flynn, on 4th Dec 2015. Posted in Economy

article headline

ISME, the Irish Small and Medium Enterprises Association has welcomed the latest employment figures but has warned the government that SMEs are being forced to take a cautious approach to hiring - due to labour cost uncertainty. The association reminded government that job growth will only come when SMEs know their costs. 

Because of the cost uncertainty, job growth is slowing, with the seasonally adjusted Live Register figure decreasing by 2,200, leaving 330,000 people signing on the dole, ISME calims. Long-term claimants still account for 46.4% of the total. 

ISME CEO, Mark Fielding commented on the figures, "Despite the positive exchequer figures, SMEs are still not seeing the benefits of the recovery as yet. The Government cannot simply sit and wait for SMEs to create new jobs, especially when they continue to promise wage increases.

"They must assist by cutting state-influenced costs, overhauling the social welfare system and making it profitable and worthwhile for people to work, through the taxation system".

Source:www.businessworld.ie

More articles from Economy

image Description

Ireland remains vulnerable to a negative global shock

Read more
image Description

Irish economy could contract next year if no-deal Brexit

Read more
image Description

Irish economy is still growing twice as fast as the rest of Europe

Read more
image Description

Government warns that Irish businesses most exposed to Brexit are not ready

Read more
image Description

Irish economy is now close to full employment

Read more