Economics
One of the present debates in India is whether companies should have flexible policies for employment. Based on what you have read in the chapter, summarise the point of view of the employers and workers.
Answer
Point of view of the employers
Employers argue that flexible policies allow them to manage costs more effectively. Hiring temporary or contract workers when needed reduces fixed labour expenses. Employers try to avoid long-term commitments, such as benefits, pensions, and severance pay, which can be costly.
Point of view of the workers
Workers want permanent employment because they want a regular income to run their family. Besides regular salary, they also want extra benefits like health insurance, provident fund, overtime etc. They emphasize the need for protection even in flexible arrangements.
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