how would flexibility in labour laws help companies?
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Companies in India, especially those that operate in the labour-intensive sectors, have been clamouring for flexibility in labour laws for quite a while now. If entry and exit of labour is made easy, companies tend to benefit as they can then retrench surplus labour or redeploy them elsewhere. The companies can also retain the efficient labour and do away with the inefficient. To be able to compete with companies across the world, industries have to install machines as an efficient tool of production; flexibility in labour laws helps them replace men with machines if labour laws are made flexible.
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HEYA MATE HERE u GO.
❤. Flexibility in labour laws can help the compaines to decrease their production cost by employing labourers only for short period of time when there is need insteadvof employing them for long period of time or yearly basis
❤. By easing upon labour laws , company heads can negotiate wages and terminate employment , depending on market condition.
HOPE THIS WILL HELP U.
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