Flexicurity

Flexicurity is a labor market concept that combines flexibility and security for workers and employers. It allows companies to adapt quickly to changes, such as economic shifts, while also providing workers with job security and social benefits. This approach encourages companies to hire and retain talent without fear of high costs if they need to make adjustments. Essentially, it seeks to balance the needs of businesses for flexibility in staffing with the need for workers to feel secure in their jobs and supported through transitions, such as unemployment or career changes.