Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)

Problems of Small and Medium Enterprises - Here the New Generation!?

Authors
Regina Zsuzsánna Reicher
Corresponding Author
Regina Zsuzsánna Reicher
Available Online 10 February 2020.
DOI
https://doi.org/10.2991/aebmr.k.200201.006How to use a DOI?
Keywords
Generation Y, working habits, salary, reward, SME
Abstract

The 21st century has presented a number of challenges to the Hungarian SME sector. Not only the post-communist transition in the 20th century and as a result, the emergence of open market competition, but also the global economic crisis and its consequences. The region had barely recovered from the resulting issues and had just found the way out of it when it had to face an entirely new trouble, which has already been familiar in other parts of the world. Generation Y has been the focus of multiple research project. Numerous theories have been drafted about their different habits from employment to through their leisure activities. The demographic changes in Europe have led to serious issues on the labour market In Hungary, just like in Europe, the small- and medium-size enterprises are the main driving force of the economy and play a key role in the economy. In spite of the fact that the economic weight of SMEs is rather significant, the economy in Hungary is dual. Serious issue is that the possibilities of SMEs are rather limited, their capital is small. This trouble is the totally new type of employee. The focus of my current research was on the adaptation of Hungarian SMEs to the expectations of the new generation in terms of remuneration, reward and training opportunities, since these are important factors for the employees. The results of my research have highlighted those problematic areas, which should be monitored and handled by the executives if they want to retain young employees.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
10 February 2020
ISBN
978-94-6252-900-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200201.006How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Regina Zsuzsánna Reicher
PY  - 2020
DA  - 2020/02/10
TI  - Problems of Small and Medium Enterprises - Here the New Generation!?
BT  - Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)
PB  - Atlantis Press
SP  - 26
EP  - 31
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200201.006
DO  - https://doi.org/10.2991/aebmr.k.200201.006
ID  - Reicher2020
ER  -