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Moving from self employment and regular employment to temporary work is referred to as:
  • a)
    Casualization of workforce
  • b)
    Frictional unemployment
  • c)
    Structural unemployment
  • d)
    Informalisation of workfare
Correct answer is option 'A'. Can you explain this answer?
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Moving from self employment and regular employment to temporary work i...
The process of moving from self-employment and regular salaried employment to casual wage work is known as casualisation of workforce.
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Moving from self employment and regular employment to temporary work i...
Casualization of Workforce

Casualization of workforce refers to the shift from permanent, stable employment to temporary, casual work arrangements. This transition often involves moving from self-employment or regular employment to short-term or contract-based roles. Here are some key points to understand casualization of workforce:

- Increased Flexibility: Casualization of workforce offers employers more flexibility in managing their labor force. They can easily adjust staffing levels based on business needs without the long-term commitment of permanent positions.

- Cost Savings: Temporary workers are often paid by the hour or project, which can be more cost-effective for employers compared to providing benefits and job security to permanent employees.

- Job Insecurity: Casualization of workforce can lead to job insecurity for workers, as they may not have the stability or benefits associated with permanent positions. This can result in financial instability and stress for individuals.

- Impact on Labor Market: The casualization of workforce can impact the overall labor market by contributing to a rise in non-standard forms of employment. This can lead to challenges in terms of income security, career progression, and social protections for workers.

- Policy Implications: Governments and organizations may need to address the implications of casualization of workforce through policies that protect workers' rights, ensure fair wages, and promote job security in the changing labor market.

Overall, casualization of workforce represents a shift towards more temporary and flexible work arrangements, which can have both benefits and challenges for both employers and workers.
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Moving from self employment and regular employment to temporary work is referred to as:a)Casualization of workforceb)Frictional unemploymentc)Structural unemploymentd)Informalisation of workfareCorrect answer is option 'A'. Can you explain this answer?
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