In the present scientific endeavor, flexicurity is mentioned as a new employment philosophy. Starting from the fact that for the Republic of Moldova, flexicurity is a novelty, we considered it necessary and useful to achieve an exhaustive approach to this concept. The present paper has a more theoretical character, the practical aspect referring more to the flexible labor contracts applied at the level of the European Union. In this context, there are several definitions of flexicurity proposed by different researchers in the field. It also analyzes the elements of flexibility and security that constitute the “skeleton” of flexicurity.