Insurance, rates and wages are main areas of concern
Government must priorities cost reduction to assist job creation
ISME, the Irish Small and Medium Enterprises Association at the announcement of the monthly unemployment figures today (May 30th), called for more focus on the reduction of business costs, to allow SMEs the capacity to employ more.
The CSO figures confirm the standardised unemployment rate is at 6.4% unchanged from last month’s figures, with 140,700 people still signing on the dole. Youth unemployment is now at 11.7%.
Commenting on today’s figures ISME, CEO Neil McDonnell said “The cornerstone of competitiveness for businesses is cost control. Government must tackle high costs of doing business”
“In our recent Government Satisfaction Survey, Governments handling of business costs was scored as unsatisfactory among our members.Government must understand that unless it is economically viable to hire more staff, SMEs cannot do it”
The Association called on Government to:
Reduce government-influenced business costs to below the EU average.
Target capital investment in job-rich infrastructure.
Outsource more state sector services to SMEs.
Reform the social welfare system to make it more profitable to work, and avoid poverty traps.“Come Friday we will know who the next leader of the country will be. Our next Taoiseach must be anti-cost, pro-SME, pro-business and pro-indigenous economy.
“Come Friday we will know who the next leader of the country will be. Our next Taoiseach must be anti-cost, pro-SME, pro-business and pro-indigenous economy.”