Flexicurity - (noun)
According to the European Commission, ‘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’.
Source: Adapted from ec.europa.eu
Example of Use: The Danish ‘flexicurity model’ combines high mobility between jobs with a comprehensive income safety net for those out of work and an active labour market policy.