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Commerce-Friendly Labor Laws

Research Report - Sep 2022 (#00547)
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Learn how a flexible labor market ensures businesses operate efficiently, productively, and with maximum flexibility, which improves employment opportunities and supports the sustainable development of the workforce. Discover labor market regulations that helped the benchmark countries to create jobs, and increase productivity, wages, and output. The report shows that a modern knowledge-based economy needs a flexible labor market, where flexibility is framed as evidence of an organization’s agility and capacity to innovate and create value. Thus, in flexible markets, businesses can keep their labor costs under control and be more competitive, while the employees have a better work-life balance.