The paper "Labor Market Liberalization" is a great example of a finance and accounting assignment. Liberalization of labor market means changing the labor market to become more of a free market than it was before. That means that employees or laborers are free to move from one organization to another that makes them comfortable. Labor market liberalization means opening up the labor market and not locking it out like before (Barrow 1996). It also means that organizations are free to hire employees who meet their specific qualifications without any restrictions. With the liberalization of labor market, the rights of employees are important and are given priority.
The rights are inclusive of the working conditions, the salaries and other benefits that they should enjoy while working in the workplace. Liberalization of the labor market has had an impact on organizations, both positive and negative impacts. However, the positive impacts outdo the negative impacts hence; making it beneficial to organizations. The reforms have led to the liberalization of labor market which has been a benefit to many parties like the organization or the workplace (Pace 2002).
This is because it is now easy to hire employees with the right qualification. It is about making the labor market e free market for the organization and the employees. The government and the economy are also beneficiaries of these reforms. It has an impact on the wages of employees in the organization. This is because this liberalization led to an increase in the wages and salaries of workers due to the rights that employees have. There has been an increase in the incomes of employees due to the reforms on the salaries of employees (Evenett & Hoekman 2004).
There is the employment of more employees in organization due to these reforms in the labor market. Market like arrangements Competition. In regards to Bruce (2006). It is the examination of the strength and abilities of people or employees in a workplace with the aim of improving the quality of work in such organizations.
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