how would flexibility in labouur laws helps companies
Answers
Flexibility in labour laws will help companies in being competitive and progressive. In recent years, government has allowed companies to ignore many of the labour laws in force. 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.
The companies can negotiate wages and terminate employment, depending on market conditions. This will lead to an increase in the company’s competitiveness
ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʜᴀs ᴀʟʟᴏᴡᴇᴅ ғʟᴇxɪʙɪʟɪᴛʏ ɪɴ ᴛʜᴇ ʟᴀʙᴏᴜʀ ʟᴀᴡs ᴛᴏ ᴀᴛᴛʀᴀᴄᴛ ғᴏʀᴇɪɢɴ ɪɴᴠᴇsᴛᴍᴇɴᴛ.ɪɴ ʀᴇᴄᴇɴᴛ ʏᴇᴀʀs,ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʜᴀs ᴀʟʟᴏᴡᴇᴅ ᴛʜᴇ ɪɢɴᴏʀᴀɴᴄᴇ ᴏғ ʟᴀʙᴏᴜʀ ʟᴀᴡs ʙʏ ᴛʜᴇ ᴄᴏᴍᴘᴀɴɪᴇs.ɢʟᴏʙᴀʟɪsᴀᴛɪᴏɴ ᴀɴᴅ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ ᴀᴍᴏɴɢ ᴘʀᴏᴅᴜᴄᴇʀs ʜᴀᴠᴇ ᴄʜᴀɴɢᴇᴅ ᴛʜᴇ ʟɪғᴇ ᴏғ ᴛʜᴇ ᴡᴏʀᴋᴇʀs.ᴇᴀʀʟɪᴇʀ ᴛʜᴇ ᴡᴏʀᴋᴇʀs ᴡᴇʀᴇ ᴇᴍᴘʟᴏʏᴇᴅ ᴘᴇʀᴍᴀɴᴇɴᴛʟʏ ʙᴜᴛ ɴᴏᴡ ᴛʜᴇ ᴡᴏʀᴋᴇʀs ᴀʀᴇ ᴇᴍᴘʟᴏʏᴇᴅ ғʟᴇxɪʙʟʏ ᴡʜɪᴄʜ ᴍᴇᴀɴs ᴛʜᴇɪʀ ᴊᴏʙs ᴀʀᴇ ɴᴏ ʟᴏɴɢᴇʀ sᴇᴄᴜʀᴇ.ᴡʜᴇɴ ᴛʜᴇʀᴇ ɪs ᴘʀᴇssᴜʀᴇ ᴏғ ᴡᴏʀᴋ ᴛʜᴇʏ ᴀʀᴇ ᴇᴍᴘʟᴏʏᴇᴅ ᴏᴛʜᴇʀᴡɪsᴇ ᴀʀᴇ ᴅɪsᴍɪssᴇᴅ.ᴛʜɪs ʜᴇʟᴘ ᴛʜᴇ ᴄᴏᴍᴘᴀɴɪᴇs ᴀs ɪᴛ ʀᴇᴅᴜᴄᴇ ᴛʜᴇ ᴄᴏsᴛ ᴏғ ʟᴀʙᴏᴜʀ ᴛʜᴇʀᴇʙʏ ᴅᴇᴄʀᴇᴀsɪɴɢ ᴄᴏsᴛ ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴇɴsᴜʀɪɴɢ ᴍᴏʀᴇ ᴘʀᴏғɪᴛs ғᴏʀ ᴛʜᴇᴍsᴇʟᴠᴇs.