A UNIQUE, SECURE AND FLEXIBLE LABOUR MARKET
Only in few other places it is as easy to establish a business, interact with government services and adjust the work force as in Copenhagen. Regulation is kept at a minimum and is based on trust and self-regulation rather than strict regulatory controls.
Flexicurity model
In Denmark, labour market flexibility and job security are not contradicting terms, but go hand in hand. The Danish labour market supports the growing need for companies to be able to adapt to market changes quickly. Concurrently, a social security system that safeguards and supports employees and promotes mobility in the labour market is in place.
The Flexicurity model allows business executives to take care of business without compromising the needs of employees. Hiring and firing is made easy, and the social security system supports and helps the unemployed.
Denmark offers world-class labour flexibility
| Ease of Hiring | Flexibility of Working Hours | Firing costs(least) |
| United States | United States | Denmark |
| Singapore | Czech Rebublic | New Zealand |
| Marshall Islands | United Kingdom | United States |
| Maldives | Belgium | Puerto Rico |
| Georgia | Denmark | Afghanistan |
| Brunei | Ireland | Iraq |
| Tonga | Latvia | Marshall Islands |
| Australia | Netherlands | Micronesia |
| Palau | Austria | Palau |
| Denmark | Finland | Tonga |
Source: The World Bank, Doing Business in 2009
Flexicurity gives a competitive edge
“…many economists fulsomely praise “flexicurity” – a peculiarly Danish blend of a flexible labour market, generous social security and an active labour market policy with rights and obligations for the unemployed. Hiring and firing can happen from one day to the next, which gives Danish companies a decidedly competitive edge over rivals in Sweden and Germany.” The Economist, September 7th 2006
