what would flexibility in labour laws help companies
Answers
1. Government had allowed flexibility in labour laws to attract foreign investment.
2. The companies in the organised sector have to obey certain rules that aim to protect the worker's rights. In the recent years, the government has allowed companies to ignore many of these.
3. Instead of hiring workers on a regular basis, companies hired workers 'flexibily' for short periods when there was intense pressure of works.
4. This help the companies to reduce the cost of labour thereby decreasing cost of production and ensuring more profits to them.
5. Still not satisfied, foreign companies are demanding More flexibility in labour laws.
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❤. 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.
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