
FLEXIBILITY IN WAGES AND LABOR: EFFECTS ON EMPLOYER STRATEGIES AND EMPLOYEE WELL-BEING
Matan Goldstein , Ono Academic College, Faculty of Business Administration and Bar-Ilan University Department of Management, IsraelAbstract
This study explores the multifaceted impact of wage and labor flexibility on both employers and employees. By examining how flexible wage structures and labor practices influence employer strategies and employee well-being, this research aims to provide a comprehensive understanding of the benefits and challenges associated with these practices. Through a combination of qualitative and quantitative methods, including surveys, interviews, and case studies across various industries, we assess the effects of wage and labor flexibility on organizational performance, employee satisfaction, job security, and overall workplace dynamics. Our findings reveal that while wage and labor flexibility can enhance organizational agility and cost efficiency for employers, it can also lead to increased job insecurity and stress among employees. However, under certain conditions, such as the presence of supportive workplace policies and transparent communication, the negative impacts on employees can be mitigated. This research highlights the importance of balancing flexibility with stability to optimize outcomes for both employers and employees. The study concludes with recommendations for policymakers and business leaders on implementing flexible wage and labor practices in a manner that promotes sustainable and equitable work environments.
Keywords
Wage Flexibility, Labor Flexibility, Employer Strategies
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