Great piece and an interesting question! Without knowing the full detail of the bill, a few thoughts:
If governments want to encourage employment and innovation, they should reduce - not increase - the administrative burden, while providing reasonable protections for employees. To a great degree, companies and founders are mobile! In the US, for example, many companies have left California because of the state's burdensome and punitive regulatory regime. They have moved to states with more business-friendly policies, which means the growth and employment now occurs elsewhere. Likewise, founders will be motivated to start companies where the conditions are most favourable.
Labour is a market. Instead of requiring companies to provide certain types of employment structures, why not let companies decide what is most suitable for them? Those who offer appealing structures will attract talent -and those who don't likely will not.
Terrific tips, especially around clarity in policies and communication and seeking guidance from HR and employment experts.
Great piece and an interesting question! Without knowing the full detail of the bill, a few thoughts:
If governments want to encourage employment and innovation, they should reduce - not increase - the administrative burden, while providing reasonable protections for employees. To a great degree, companies and founders are mobile! In the US, for example, many companies have left California because of the state's burdensome and punitive regulatory regime. They have moved to states with more business-friendly policies, which means the growth and employment now occurs elsewhere. Likewise, founders will be motivated to start companies where the conditions are most favourable.
Labour is a market. Instead of requiring companies to provide certain types of employment structures, why not let companies decide what is most suitable for them? Those who offer appealing structures will attract talent -and those who don't likely will not.
Terrific tips, especially around clarity in policies and communication and seeking guidance from HR and employment experts.