The European Commission defines flexicurity as:
‘an integrated system for enhancing, at the same time, flexibility and security in the labour market; it attempts to reconcile employers’ need for a flexible workforce with workers’ need for security – confidence that they will not face long periods of unemployment’.
Although the idea may seem straightforward enough, getting to grips with the different components of flexicurity and understanding the diverging approaches of member states remains a challenge.
The CIPD commissioned The Work Foundation in the UK to undertake an analysis of employment regulation in OECD countries. The report of that study, Employment Regulation and the Labour Market, sheds a light on aspects of flexicurity across OECD countries, for example the link between the stringency of employment regulation and labour market outcomes such as productivity and job/employment security. This EU briefing highlights a selection of the key findings for EU member states.