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the flexicurity
noun
A welfare state model with a proactive labour market policy, combining easy hiring and firing (flexibility for employers) and high benefits for the unemployed (security for the employees).
Exact(10)
After Denmark's unemployment rate sank to among the lowest in the world, the flexicurity model spread throughout Europe.
Denmark, with its budget surplus, ranks as the EU's star performer, and delegations are flocking to Copenhagen to find out about the "flexicurity" model for labour management.
The "flexicurity" law gives companies more freedom to hire and fire, as well as the right to demand that workers take pay cuts and work shorter hours in a crisis in exchange for job security.
To ensure this does not deter people from finding new jobs, the Danes oblige the unemployed to be trained and to look diligently for work.The European Union is urging its members to follow the "flexicurity" model.
He has come out in favor of changes in Italy's labor laws to make it easier to fire workers, hoping to copy the "flexicurity" model pioneered by Denmark, whereby individual firms can hire and fire with relative freedom, but there is ample financial support and training for the unemployed.
The flexicurity approach emphasises, for example, how social protection and human capital investment can compensate for lacking job security.
Similar(50)
We regret that the proposals we made have been rejected, including our opposition to the inclusion of the principles of flexicurity in the framework of the Lisbon Strategy, the review of the Employment Guidelines for the period 2008-2010 and the National Reform Plans, and the use of Community funds to finance attacks on workers' rights.
These features have been maintained despite the crisis, and in this sense the Danish flexicurity model has coped reasonably well with the crisis.
Denmark is the home of "flexicurity," the catchy name given to a system that pays ample unemployment and welfare benefits but, unusual in Europe, imposes almost no restrictions on hiring and firing by employers.
In this sense one may say that the Danish flexicurity labour market has coped relatively well with the crisis.
A particular feature of the Danish flexicurity model is a very high level of churning in the labour market; that is, both the level of inflows and outflows from jobs are high.
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