Labour Market Flexibility and Australia What does the term labour market flexibility refer to? Do we find evidence of its applicability in the Australian labour market?

In our current turbulent economic environment, to be successful, firms must be flexible. They must be able to shift production and resources to meet changing markets and customer demand. Therefore, they must have employees that possess the skill and training to perform a variety of different tasks. Historically, a lack of employee flexibility has been the cause of the downfall of a number of organisations. On a broader front, the implementation flexible workforce, or lack …

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