Social Integration Through Transitional Labour Markets
- Labour Markets and Employment Policy series
Edited by Jacqueline O’Reilly, Inmaculada Cebrián and Michel Lallement
Chapter 9: Restructuring internal labout markets: integration and exclusion in the British and German banking sectors
9. Restructuring internal labour markets: integration and exclusion in the British and German banking sectors Jill Rubery, Jacqueline O’Reilly and Silke Morschett Transitional labour markets are concerned with policies and practices that make the barriers between those integrated into employment and those outside employment more permeable. One form of labour market organization often believed potentially to foster exclusion is the traditional internal labour market, where insiders are favoured over outsiders. The banking sector is a good example of an internal labour market given its association with relatively bureaucratic, hierarchical and rigid internal employment systems. However, this sector is now undergoing a process of major change as a result of the development of information technology and, especially in Britain, growing competition from non-banking organizations providing ﬁnancial services. The traditional employment structures are giving way to employment systems that are not only more open to non-bank employees, but also to a wider variety of working-time arrangements and patterns of participation. Our discussion of transitional labour markets is set in the context of debates concerning the establishment and exclusionary effects of internal labour markets from the perspective of labour market segmentation theory and subsequent debates on labour market ﬂexibility. These debates are empirically examined by drawing on case-study material from the German and UK banking sectors.1 We outline the links between the employment regimes in these countries, paying particular attention to training and skills, working-time norms and regulations, and pay and collective bargaining.2 This comparison seeks to identify the different paths towards employment...
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