Labour market Essay Example | Topics and Well Written Essays - 3000 words - 1

Labour market - Essay Example mployees as well as maximizing their profits, have resorted to transferring a lot of risks to their employees which makes then to feel more insecure about their positions in employment. Owing to the fact that employees are the most essential requirement of an organization, human resources are becoming de-motivated as well as disturbed. As a result of such disturbance, their rate of performance and devotion towards the assigned duties are reducing thereby declining the total productivity of the organization. Therefore, in order to mitigate such negative impacts of jobs flexibilities, maximum extent of the organizations are now trying to implement the strategy of restructuring and reorganization at the workplace. The statement thus portrays a true picture of what is taking place in the current set up in the labor market. A strategy aimed at reducing rate of employee turnover which is as a result of increased flexibility is thus necessary to be introduced and implemented in organizations. Otherwise, it might result in bankruptcy as well as enhancement of termination or attrition of the workers from the organization thereby declining its brand image and portfolio in the market among many other rival contenders. However, due to attrition, the rate of living standard and life style of the employee. As a result of which, the rate of unemployment and poverty is increasing that make hinder the economic prosperity of a nation or country as compared to others (Kalleberg, 2001, pp. 479-504). Organizations thus need to adopt an approach that is geared towards addressing the various forms of flexibilities that is being witnessed in current times. This essay mainly tries to highlight, the fact that due t o various labour market flexibilities, the rate of job insecurity is increasing and may lead into serious consequences in the labor market. Flexibility in the labor market can be described as the ability of an organization to make amendment to its labor force in regard to the