Definition Of Numerical Flexibility

Relative importance of numerical and functional flexibility with respect to a series of performance cost and innovation measures at firm level.

Definition of numerical flexibility. To this end we use the theoretical framework of a production function in order to model the relationship between numerical and functional flexibility respectively and various outcomes of firm activities. Workplace flexibility meets the needs of both the business and its workers. Organizational flexibility is one of the competitive advantages that companies use to prepare for or adapt to environments in constant flux volberda 1998. This involves putting people on a variety of contracts to ensure that fluctuations in the demand for employees across the working day week or year are matched with the appropriate supply of.

Financial flexibility involves a company s ability to adjust employment costs in response to supply and demand in the external labour market. 1 numerical labor flexibility defined as the external labor turnover of regular employees has an inverted u shaped relationship with the probability of patent applications used to represent a high degree of novelty in innovation but not with the probability of product innovation which does not necessarily entail novelty. This flexibility is maintained by the organization having normally rigid defined boundaries which must infiltrate functions and jobs on hierarchical levels. Numerical flexibility means that employers can match labour demands with the number of employees under contract at the company.

Numerical flexibility involves having the power to change the number of employees or the number of hours that each employee has worked in reaction to the changes in demand dilworth 1996. Numerical flexibility this generally applies to the peripheral workforce and is related to the volume of low skilled workers available in the labour market. Workplace flexibility can enhance work life balance for employees leading to greater satisfaction and retention. Matching employee numbers to fluctuating production levels or service requirements.

It is achieved through overtime part time work variable working hours fixed time. Numerical flexibility is defined a already mentioned as a process through which firms react to changes in the demand for their products services by adjusting the amount of labour they employ. Is the policy of ensuring that the appropriate amount of labour is employed for the needs of the organization. An important aspect of this phenomenon is numerical flexibility also known as outsourcing which refers to the capacity of a company to adjust its human resources to variations in demand.

This can be achieved through the of flexible employment.