The labour market in Slovakia´ll be in few months again a little bit looser. Part of the strict directions and prohibitions at Labour Code will be replaced by voluntary agreement between employers and employees.
Lower cost of recruitment and dismissal of the staff, freer conditions on the chaining of employment contracts of limited duration or restriction of competencies of employees representatives should save time and money that can be used to further development of business and job creation.
International comparison, which was carried out several years ago by Business Alliance of Slovakia, clearly confirmed that flexible Labor code improves quality of business environment and reduces poverty in the country. Thus, if we agree that we should help to the poorest people, so in addition to the social benefits, they should be given in particular more flexible labor market to have a higher chance of finding suitable job and possibly opportunity to make their living.
International comparisons also showed that several areas of labour relations, which are now strictly regulated by law inSlovakia, are resolved by informal relationships between employers and employees and by collective bargaining at enterprise level abroad. The previously published information indicates that there should be created more room to conclude individual and collective agreements inSlovakiain near future.
Due to the amendment of Labour Code employers will benefit especially from lower costs of employing people. This should consequently increase their willingness to create standard jobs. Employees and unemployed can therefore expect progressively more jobs, better working conditions, stronger growth in wages and growth of living standards.