Declining job security makes SMME sector an attractive option

Kenneth Fisher The release earlier this year of trade union Solidarity and ETM Analytics’ quarterly index on job and wage security in South Africa, indicated that while job and wage security weakened less during the fourth quarter of 2014 than it did during the previous quarter, it is nevertheless still declining. It is this reality that Kenneth Fisher, CEO: Real People Business Finance SME South Africa , believes makes setting up and owning an SMME, and a franchise in particular, the way to go from both an economic and job security perspective. “Although Solidarity’s findings are based largely on the unskilled labour market, even in the skilled job sector, job security can largely be regarded as a fallacy. Here employees whether they be in a large corporate or a small company are continuing to find themselves a casualty in the ongoing rationalisation processes many companies are being forced to implement,” he says. Fisher refers to Telkom’s announcement in June that it ...