Labor Market Flexibility

Labor Market Flexibility,

How To Define Labor Market Flexibility?

  1. Flexibility in the labor market is an important element of the labor market. This allows companies to make some decisions about their manpower development and production incentives in response to market fluctuations.

    • Labor market flexibility allows companies to make decisions about their own workforce in response to market changes and to mobilize their production.
    • For example, a flexible job market allows companies to make changes. B. Hiring and dismissing employees, salaries and benefits and working hours and conditions.
    • Laws and regulations prevent employers from making arbitrary changes.
    • Other factors that affect flexibility in the labor market include unions, qualifications and training, minimum wage restrictions, and employment information.

Literal Meanings of Labor Market Flexibility

Labor:

Meanings of Labor:
  1. Work, especially heavy physical work.

  2. (UK or Canada) Labor Party.

  3. The delivery process, especially when contracting to the uterus.

  4. Work hard run

  5. Even after working hard, it is difficult to do anything.

  6. (Working woman) to work.

Sentences of Labor
  1. The cost of repairs includes labor and spare parts

  2. Labor leader

  3. His wife is at work

  4. They work from morning till night

Synonyms of Labor

nativity, give it one's all, struggle, give something one's all, try hard, be at pains, do one's utmost, go all out, sweat away, slave, put oneself out, endeavour, work, task, strive, grub away, birthing, work like a slave, work hard, apply oneself, job, make every effort

Market:

Meanings of Market:
  1. Regular meetings of people to buy and sell food, livestock and other products.

  2. An area or environment where business transactions take place.

  3. Advertise or promote (some)

Sentences of Market
  1. Farmers went to the market

  2. Job vacancies market

  3. This product is marketed under the name "Aspirin".

Synonyms of Market

put up for sale, retail, sell, peddle, merchandise, vend, hawk, offer for sale, trade

Flexibility:

Meanings of Flexibility:
  1. Easy to bend without breaking the quality.

Sentences of Flexibility
  1. Athletes find flexibility in their ankles

Synonyms of Flexibility

limberness, plasticity, workability, malleability, pliancy, pliability, mouldability, stretchability, ductility, suppleness