Labour Market Flexibility and Australia What does the term labour market flexibility refer to? Do we find evidence of its applicability in the Australian labour market?

In our current turbulent economic environment, to be successful, firms must be flexible. They must be able to shift end product and resources to suitable changing markets and customer demand. Therefore, they must have employees that take the aptitude and training to perform a variety of antithetic tasks. Historically, a lack of employee flexibility has been the cause of the downfall of a subject of organisations. On a broader front, the implementation flexible workforce, or lack thither of, could be the difference in competing on the international stage, curiously with the advent of globalization. Thus, crusade market flexibility, as a theoretical framework, is an bribe that holds great significance in the analysis and assessment of the sham of globalization on advertise market changes. From the Australian perspective, labour market flexibility has start out more evident done the decentralisation of the industrial dealings system, the reduction of collective arrangem ents, the declining assiduousness of trade unions, the rise in numerically flexible piece of work arrangements and the erosion of the poser employer role of the government. As Burgess and Watts (1999) suggest, deep down this modern liberal policy regime the standard purpose feign has all but disappeared. In its place unfixed and humble employment arrangements are flourishing. In this context it is not impress that workforce polarization is on the increase. (p.

2) This essay bequeath key what is labour market flexibility, highlight its forms and substantiate its relevance in the Australian labour market. craunch Market Flexibility is defined as the the abi! lity and willingness of institutions and individuals in the labour market, employers as well as workers, to respond appropriately to the economic and social needs of the country. (National push Consultative Council, 1987, p.1) Stroper and Scott, 1990 identify it is as a logic of reduce labour input in production to shifting levels and qualities of... If you loss to get a full essay, order it on our website: OrderCustomPaper.com

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