Strategy for enhancing, at the same time, flexibility and security in the labour market, to reconcile employers' need for a flexible workforce with workers' need for security – confidence that they will not face long periods of unemployment.
Comment
- Flexicurity is a portmanteau of ‘flexibility’ and ‘security’;
- EU has identified a set of common flexicurity principles and is exploring how countries can implement them through four components:
- flexible and reliable contractual arrangements;
- comprehensive lifelong learning strategies;
- effective active labour market policies;
- modern social security systems;
- this strategy has given rise to many reservations concerning the balance between flexibility and security, some commentators considering that more weight is put on the flexibility than on the security part.
Source
Based on European Commission, 2021c; Cedefop.