A government introduces a supply-side policy package aimed specifically at increasing the functional flexibility of the labour market. Which of the following policy initiatives is most likely to support this specific objective?
Offering relocation grants to households moving from regions of industrial decline to high-vacancy urban areas.
Providing tax incentives for firms to implement multi-disciplinary training programmes that enable employees to rotate across different operational roles.
Replacing national collective wage bargaining agreements with individual performance-related pay contracts.
Deregulating the labour market by reducing statutory redundancy notice periods and lowering dismissal costs.
