: SAGE: flexibility

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flexibility

Flexibility in the workforce (also known as alternative work arrangements or nonstandard work arrangements) is comprised of flexibility in working time, flexibility in work location/space, flexibility in the number of workers within a firm's workforce, and flexibility in employee skills and abilities. Such arrangements enable firms to more closely match their labor force needs with the demand for labor, and thus have become more desirable in recent times when just-intime production, globalization of the workforce, and changing customer preferences and demands have required companies to alter how they allocate human capital. [Source: Encyclopedia of Business in Today's World; Flexibility]

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