flexible labor market


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Related to flexible labor market: Labour market

flexible labor market

A labor market in which employees are willing to work flexible hours, to retrain for new skills, to relocate geographically in order to find work, and to accept performancerelated pay. A flexible labor market usually also requires employment laws that allow for the easy hiring and firing of employees.
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References in periodicals archive ?
The ratings are further underpinned by the "flexible labor market, young and educated workforce and pro-business environment," the rater added.
"In the current state, structural reforms could, for example, mean that the relatively flexible labor market is made even more flexible and the use of different flexible forms of work would be promoted," he remarked.
Rather than offering advice on trading currencies or getting rich in the foreign exchange market, Chandler (chief foreign exchange strategist, Brown Brothers Harriman; continuing and professional studies, New York U.) focuses on the flexible labor market strategy US businesses have evolved to compete in an international political economy of volatile foreign exchange prices.
Full employment does require a flexible labor market. But this will work best if monetary and fiscal policy aims to sustain final demand in nominal terms so that purchasing power is maintained.
In the new flexible labor market, with all its departures and rotations, knowledge-intensive firms must develop the art of retaining memories.
He argues that the composition of the adjustment matters more than its size, and that a flexible labor market and/or coordinated wage bargaining mechanism helps a lot as well.
These papers, which focus on the lessons learned by Taiwan and the implications for labor policy-makers of other regions and nations, describe Taiwan's ability to form a flexible labor market, given changes in its earning structure, the role of education in the labor market and earnings, and the workings of the private labor market prior to 1996.
And this is the secret of America's success during the last decade: the inter play of an innovative product market, a creative capital market, and a flexible labor market.
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