The Impact of Labour Market Flexibility on Businesses and Consumers

Labour market flexibility or rigidity refers to employment issues such as staff wages, the ease of which companies can hire and fire employees, length of probation periods and power of unions. Flexible labour markets are characterised by things such as low minimum wage and laws that don't impede the hiring or termination of employees. These flexible markets, which favour worker's rights can lead to lower unemployment and higher labor productivity. Overall, a balance should be struck between employee and employer rights to maintain a healthy economy.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.