ABSTRACT
255This paper explains the new transformation of Small and Medium Enterprises (SMEs) governance in Indonesia by discussing the development of related regulations. As a developing country, Indonesia faces many challenges such as human development issues in SMEs governance. Data identify that SMEs governance needs some concrete actions besides regular regulations to support SMEs. There is a need of human development action to advance SMEs’ performance. Special connection between human development and labor productivity also cannot be denied. The analysis is based on Labor Market Assessment of SMEs in West Java Province, Indonesia, as the most densely populated province in Indonesia. To address this gap, this study suggests a new strategy for building individual skills by developing Financial Life Skill Training.
