Question

How would flexibility in labour laws help companies?​

Answer 1

Answer:

Flexibility in labour laws can help the companies to decrease their production cost by employing labours only for short period time where there is need .

Answer 2

Solution:

Flexibility in labour laws will help companies in being competitive and progressive. By easing up on labour laws, company heads can negotiate wages and terminate employment, depending on market conditions. This will lead to an increase in the company's competitiveness. The government has also allowed flexibility in labour laws to attract foreign investment. The government has allowed companies to ignore many of the labour laws. Instead of hiring workers on a regular basis, companies hire workers flexibly for short periods when there is intense pressure of work. This helps to reduce the cost of labour for the company.