Casualization - Definition & Meaning
What is Casualization?
Casualization is basically defined as the change of the workplace, having predominantly temporary workers rather than the permanent workers. It is predominantly caused by the forces of supply & demand. Further, people are opting for casual labor in absence of full time permanent employment. Many social implications as a result of casualization have impact on the society & employees.
Advantage:
1. Flexibility in case of the labor is high, with the chances of increasing & decreasing workforce as per necessity
2. Efficient usage of the budget & cost.
3. It may sometimes be seen as a scope for “transition to permanent employment” for the casual employee.
Disadvantage:
1. Casualization has left a lot of workers with the risk of losing their jobs, as they were recruited on a temporary basis.
2. Chances of the business going nowhere are high, without a stable workforce in place.
3. There may be a chance of low employee for the casual employee, due to lack of access to professional development, internal promotions, etc.
Thus we see that a casualised workforce have benefits for a certain class of enterprise, where the demands change from time to time, and workforce needed to be reduced.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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