How would flexibility in labour laws help companies? Explain.
Answers
Answer:
Flexibility in labour laws will help companies in being competitive and progressive. ... Instead of hiring workers on a regular or permanent basis, companies can hire workers flexibly for short periods when there is intense pressure of work.
Explanation:
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Answer:
Here is your answer...
Explanation:
1. In the absence of strict laws most of the companies employ workers on temporary bases so that they do not have to pay workers for the whole year.
2. Workers also have to put in very long working hours and work night shifts on a regular basis during the peak seasons.
3. Wages are low and workers are forced to work overtime to make both ends meet.
4. To earn huge profits employers try to cut the labour cost by different ways.
5. Thus in the absence of labour laws, companies exploit the workers.
6. Flexibility in labour laws have helped the companies to increase their income granted by not paying reasonable wages and other benefits such as provident fund insurance etc.