The crisis is a step of the progress process which old structures and relationships can be transformed by some superior one, forcing policy makers to do a drastic reassessment of the situation and existing resources, for taking the right decision for the purposes of efficient management of resources exploited until now. On labour market, the negative effects of the global crisis have resulted in layoffs, reduced earnings, deteriorating living standards, etc. In many European companies, if there were in force internal legal provisions and instruments, an important role for mitigating the negative effects of the economic downturn had the work flexibility and using the flexible forms of work, allowing them to avoid the loss of skilled employees. It is also necessary to realize the challenges and risks that accompany the implementation of new forms of flexible working, especially in conditions of economic downturn, in the aim to ensure the work safety, so as to create conditions for effective human capital exploitation.