LABOR FLEXICURITY IN THE WAGE POLICY

Avram Costin Daniel and Nastasie Mihaela – Andreea
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Avram Costin Daniel: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CRAIOVA, ROMANIA
Nastasie Mihaela – Andreea: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CRAIOVA, ROMANIA

Annals - Economy Series, 2013, vol. 1, 150-156

Abstract: In recent years, economists and specialists in human resources have shown a growing interest for more efficient wage policy, one that proves to be judiciously developed and in accordance with the specific activity of each entity. Therefore, an effective wage policy should be part of the general policy of the firm and should answer, on the one hand to the general requirements of increasing the efficiency of the activity and on the other hand to provide stimulation and motivation for the staff so to achieve not only individual performance but bring along added value to the overall business performance. This article is part of a broader research conducted by authors in the field of wages and labor market flexicurity. In elaborating this article we have appealed to an exhaustive analysis of EU law regarding remuneration of labor, in general, and labor flexicurity, in particular, the opinions of experts in the field were considered and their opinions, or some legal texts, the most significant ones, were presented in this work in a summary form. A critical documentary work on Community regulations and Romanian legislation, foreign specialized literature and the one published in our country was performed while conducting the research. The theoretical approach of flexicurity is different from state to state within the European Union in relation to the development and diversification of the labor market of each state. In some countries the efforts can focus on the firms for retraining, requalification, while in others the focus should be put on training during periods of inactivity or unemployment.

Keywords: wage policy; equity; human resources; flexibility; security (search for similar items in EconPapers)
Date: 2013
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