Innovating for Impact:
An Employee Management Playbook for Small & Medium-Sized Businesses.
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Executive Summary
MSMEs are a vital part of the Philippine economy.
Micro, small, and medium enterprises make up the backbone of the Philippine economy and account for the country’s growing labor force. On average, these businesses have anywhere between 10 to 200 employees.
According to the Philippine Statistics Authority (PSA), the MSME segment makes up 99.58% of businesses in the Philippines. Despite the strength in their numbers, these businesses face unique HR challenges that hamper their growth.
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