Flexicurity is an integrated strategy for enhancing, at the same time, flexibility and security in the labour market. It attempts to reconcile employers' need for a flexible workforce with workers' need for security – confidence that they will not face long periods of unemployment.
Working with national governments, social partners and academics the EU has identified a set of common flexicurity principles and is exploring how countries can implement them through four components:
Council conclusions on the common principles of flexicurity (November 2007)
The four components of flexicurity are key elements of the European Employment Strategy and cover large part of its employment guidelines. Integrated flexicurity policies play a key role in modernising labour markets and contributing to the achievement of the 75% employment rate target set by the Europe 2020 Strategy. Effective flexicurity strategies are also at the basis of policy advice given to EU countries within the European Semester exercise.
The flexicurity principles are also highlighted in:
Complementary measures taken in recent years were:
The Employment Committee (EMCO) agreed in 2012 on a set of monitoring indicators to help assess progress made in the implementation of the flexicurity principles. These indicators are used in the annual Joint Employment Report on employment developments in the EU.
Moreover, work is being done to improve the evidence base for flexicurity and gain knowledge of what works, where and how. This work is a key element to accelerate and improve the implementation of flexicurity across EU countries.