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Flexibility
Member rating: No Rating | Words: 2000 | Submitted: Thu Jan 10 2008
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MP3002 Comparative Employee Relations Name:............................................................Jose Arostegui Id num:..................................................................05048788 Module code:........................................................MP3002 Module title:...................Comparative Employee Relations Tutor name:............................................... Mhinder Bhopal Dead line:...........................................................08/07/2008 Words:...........................................................................2541 Compare and contrast approaches to labour flexibility of Germany and Japan. How do you account for the differences? The concept of "labour market flexibility" has been a key euphemism of the last quarter of the twentieth century. The most common interpretation of flexibility is the extent and speed of the adaptation to the market shock; the implication being that institutional and behavioural rigidities in labour market and enterprises slow price and quantity adjustment, as described in Schmid (1996). One significant point that we have to realise from the start is that a highly flexible system is also an unbalanced one, since it is susceptible to shocks that may be short lived or random. Nevertheless we should realise that the term "flexibility" covers a range of practices, flexible organisation of the work place with shifting job designs and boundaries....
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