Essay on The Swedish Model of Labor Market - 532 Words

The Swedish model of labor market is distinctive. There are several elements that build up a successful Swedish model. De-commodification of labor has been put into practice in order to balance power between capital and labor. There is a large degree of organization, The Swedish Trade Union Confederation (LO) and The Swedish Employers’ Confederation (SAF) which made possible for self-regulation. Working class is very strong which results in low level of labor market conflict. Centralized bargaining is also a key aspect that wage or work condition is an outcome of negotiation between two peak organizations. Moreover, Rhen- Meidner model was implemented in 1950s. The model intends to reach full employment in line with economic stability.†¦show more content†¦The government was able to runs budget balance and unemployment rate was decreased dramatically. A significant change in this period was an implication of workfare policy. The policy affects supply side of labor in which it put more pressure for an individual worker to seek for a job. The process of acquiring social insurance benefit becomes more difficult. Workfare policy forces workers to work until they have no working capability at all. Unemployment insurance has been changed into a negative trend in a view of workers. In 2007 it became even stricter when the right-wings party was in power. Rules of qualification in order to obtain benefit are costly. It requires membership fee which has been increasing significantly. Thus, the fee system excludes workers who could not afford or think that it is not worth paying for. Minimum working period is included in the rule making more burdens to benefit claimer. Compensation level has been reduced from 90 percent of initial income to 80 percent. The rule turned to be even more complicated in 2007 that the compensation is 80 percent of initial income for the first 200 days and reduce to 70 percent for the rest day until 300 days. This significant cha nge has a great impact on individual’s incentive. Most of people have left insurance and turn to private insurance like Trade Union. Moreover, people must concern more whether it is risky or not to change a certain job. This is because the governmentShow MoreRelatedDeveloped Countries and Economically Developed Countries Essay examples927 Words   |  4 Pagesapproaches to achieve the same objective. Hogan (1998) said that exist a negative relationship between this two variable in a short run. The low of unemployment rate in United State has increased the inflation rate. Using the estimation of Phillips Curves model that has apply in the research, his conclude that the non-accelerating inflation rate of unemployment (NAIRU) may be decreased a little bit. Besides, nowadays inflation in United States caused the cost of import decreased due to the appreciation ofRead MoreIKEA Case Study1430 Words   |  6 Pages low cost, IKEA Case Study 3 stylish products. The concept was furnishing products and house-wares that had wide appeal to a variety of markets and segments, both consumer and the business market exclusively. Both markets were looking for well styled, high quality furniture that reasonably priced and readily available. Also, IKEA developed a model for the business, where it was able to keep costs low. From the customer point of view, they were able to buy low cost furniture, even thoughRead MoreHrm Strategy : A Case Study On Ikea1375 Words   |  6 Pagesglobalization of markets and by a workforce more educated: more fluid and diverse. In this context of internationalization, companies are anxious to take their benefit so as to seek the most advantageous model management. United States speak of mobilizing and unifying model of human resources. Warner (2011) discusses about Japanese model that focuses on employee participation in company decisions. Finally, the Swedish model which works on the establishment of principle of consensus. Each of these models presentRead MoreEssay On Gender Inequality1687 Words   |  7 Pagesand housekeeper are significantly disproportionate between a man and a woman. Though there is not one complete resolution that can fix this issue completely, there are some solutions and changes which can be implemented. Specifically, applying the model and policies simil ar to that found in Sweden to the United States might lessen the presence of gender inequality found in families and households. Increased Domestic Work Monetization through Tax Breaks To be clear, Sweden like most other developedRead MoreMarketing in the Operational Context: the Case of Ikea1261 Words   |  6 Pagesbusinesses phenomenon paved the way for various organizations to conveniently expand in other nations. By penetrating the international marketplace, organizations are able to acquire greater market in which to sell their products or provide business. One of the largest companies that has become global today is IKEA. As Swedish-based company, IKEA is a home furnishing retailer specialist. It started selling nylon stocks, picture frames, pens, table runners, wallets, jewelries and watches. Eventually, they includedRead MoreCase Study : Ikea s The World s Most Valuable Brands Essay1274 Words   |  6 PagesBrands’. Although the brand first opened its doors in 1942 (Frede, J, 2015), and currently holds the 62nd place on ‘The Forbes List’, the brand as of 2016 has experienced little or no growth in Europe or US markets. The brand, on the other hand, has lost its ‘cult’ status with the 18-44 target market and is hurting from the lack of convenient urban locations, making it easier for consumers to look to competitors i.e., Target, Pottery Barn, and Walmart for moderately priced furniture and home goods. AsRead MoreIke A New Company Essay1367 Words   |  6 PagesIkea Research Paper Ikea is a great company that starts from humble beginnings and has made an impact upon the world for almost a century. Ikea is a Swedish company that specializes in selling furniture and other housing products across a market of over 40 countries (IKEA history - how it all began, n.d.). The founder of the Swedish company was Ingvar Kamprad. Kamprad as a child would sell matches, pencils, and flower seeds to the people living around him. Even at a young age, it was evidentRead MoreGender Based Pay1060 Words   |  5 Pageslegislation that have been put in place to touch on this subject so far. New legislation needs to be put in place and loop holes in old legislation need to be closed to fix the gaps in pay between that are due to gender. Many countries would be good models for the United States in equality. Sweden is ranked at number four in equality in the world. Sweden has enacted the â€Å"Discrimination Act.† This act has two sections. The first section forces employers to put in place certain criteria when hiring. TheyRead MoreThe Immigrants Movie Analysis1833 Words   |  8 PagesThe Emigrants is a movie about the Swedish family who falls on challenging times and immigrants to America. The Nilsson family starts in Sweden, their difficulty with crops and as the nephew Robert gets the idea to move to America for a better life. The Nilsson family and a small group of the Swedish religious group in the same town. The Emigrants are illustrated through the clash between American ideals and Swedish traditions seems through the eyes of Swedish audience affectedly. The ways theyRead MoreSwot And Analytical Tools : Business Analysis Tools1040 Words   |  5 Pagesâ€Æ' INTERGRATED AND ANALYTICAL TOOLS Business analysis tools are different techniques investors use to assess a company’s operations. In most cases, the purpose of the analysis is to determine how effective or efficient a company is in the overall market locally, nationally and globally. A scan of the internal and external environment is an important part of this strategic planning process. A few different tools are commonly used such as SWOT, PESTEL, Comparative and Porter’s Five Forces. Each one