ELI5: Explain Like I'm 5

Flexicurity

Flexicurity is a way of making sure that people who work have protection against losing their jobs and also have the flexibility to change jobs if they want to. It works like this:

1. Workers have a lot of job security. This means that employers have to think carefully before letting go of an employee, and that if employees feel like their job isn't working for them, they can't just be fired suddenly.

2. Workers also have a lot of flexibility. This means that employers must give employees the chance to move to different roles within the company, or to take on temporary or part-time jobs if they want to. It also means that employees can take more responsibility in their jobs and become more specialized in their area of work.

In this way, flexicurity tries to give workers the best of both worlds – protection from sudden job losses, and the chance to develop their skills and move around the job market if they choose.