Flexibility in Labour Market

Flexibility in the labour market refers to how easily employers and employees can adjust to changing economic conditions. It includes the ability to hire or lay off workers quickly, adapt work hours, or change job roles without excessive difficulty or cost. A flexible labour market helps businesses respond to demand shifts, innovate, and stay competitive, while also providing workers with opportunities for varied employment. Overall, it balances the needs of the economy, employers, and workers by making employment arrangements more adaptable and responsive.