A labour market model that combines flexibility for employers with job security for workers. It is argued that in order to succeed in increasingly global and competitive markets employers need to be able to adapt quickly to meet prevailing economic and market conditions. As a result, employers want to be able to hire and fire and to introduce new working practices without facing legal sanctions. The growth in the use of temporary and agency workers and the practice of outsourcing reflects this need. From the worker's point of view, however, flexibility for the employer may mean lack of employment protection. Within the European Union, there has been a move to promote flexible working arrangements while guaranteeing some level of protection for workers. The European Commission has defined flexicurity as a strategy that aims simultaneously to enhance the flexibility of labour markets, work organizations, and labour relations on the one hand, while maintaining employment and income security on the other.
Subjects: Human Resource Management — Law.