UNIT 25: EFFICIENCY AND EMPLOYMENT

downsizing

decreasing the number of permanent employees working for an organization

rightsizing

another way of saying downsizing, though it could also describe increasing the size of an organization, perhaps as an attempt to correct a previous downsizing

outsourcing

using other businesses as subcontractors to supply components or services.

Flexible labour market

a situation in which it is easy for companies to hire non-permanent staff

job sharing

employing two or more people on a part-time basis to perform a job normally available to one person working full time

relocation /delocalization

moving some of a business's activities to another place or country

delayering

removing unproductive parts of management hierarchy to make organizations more flexible and efficient

rationalization / restructuring

reorganizing a company, business or system in a new way to reduce costs and improve efficiency and effectiveness

contract work

temporary employment by an organization to do a specific project or a piece of work

casual work

temporary employment that is not regular or fixed