LABOUR MARKET FLEXIBILITY AND EFFICIENT USE OF TALENT. IMPACT STUDY FOR CEE COUNTRIES

Abstract

To increase the competitiveness and efficiency of companies in a market who change its structure every day, the role of human resource become one of the most influence factor. The main aim of our paper is to analyze the relationship between the labor market flexibility and the efficient use of talent, through the indicators as cooperation in labor-employer relations, hiring and firing practices, flexibility of wage determination, redundancy costs, pay and productivity, reliance on professional management and women in labor force, ratio to men. The indicators describe labor market flexibility and efficiency use of talents across states from Central and Eastern European countries. The data are set for the period 2007-2015. Our research shows that are the most efficient labor market regimes in enhancing competitiveness

Keywords

• labor market relations;
• efficiency;
• competitiveness