A Methodical Approach to Improving the Monitoring of Status of Labor Market in the Conditions of Systemic Transformations

• Main Author: Bulavchenko Oleksandr S.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-12-01
• Series: Bìznes Inform
• Subjects: labor market; methodical approach; supply and demand; monitoring; employment
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2019-12_0-pages-203_209.pdf

The article considers the basic methodical principles of the monitoring of labor market in the conditions of systemic transformations. It is defined that by means of monitoring the government authorities are able to adjust their actions to reduce negative influences on the labor market. It is defined that the Ukrainian labor market begins to look like the Brownian movement: enterprises are forced to curtail production, reduce sales, save and, as a result, freeze vacancies, lay off staff. The carried out monitoring identified the riskiest industries in terms of balancing supply and demand. The industries, which delay wages and reduce its level, stop paying bonuses, suspend the opening of new offices of companies and recruitment of staff, are allocated. It is determined that, despite high social benefits for the unemployed, the power of European countries in various ways stimulates the creation of new jobs and the preservation of old ones. The directions to increase the objectivity of the analysis and forecast of the situation in the labor market in connection with the persistence of the consequences of the crisis developments are defined. It is determined that it is appropriate to monitor the implementation of activities of Ukrainian subjects to promote employment and reduce tension in the labor market – in terms of employment and forecasted distribution of graduates of educational institutions at all levels through employment channels, including those registered as unemployed. The principles allowing to form an efficient system of monitoring the labor market have been allocated. It is defined that the result of monitoring is obtaining the information necessary to make managerial decisions on policy formation in the sphere of employment. An algorithm for monitoring the employment sector in the labor market in Ukraine has been proposed. It is defined that use of multidimensional comparative analysis, in particular the method of taxonometrics, is feasible in building an integral indicator. It is determined that the resulting system of quantitative assessments of the level of employment of the population sets the task of their qualitative interpretation, one of the ways of solving which is the application of desirability functions. Based on the carried out calculations, it is determined that the social indicator had the greatest impact on the employment rate. On the basis of monitoring, the main factors influencing the formation of the labor market in Ukraine are allocated. In developing ways to increase employment of the population, regulating these factors should be considered as a priority. It is proved that monitoring is appropriate to carry out according to the proposed indicators, as they have the greatest impact on the employment rate of the population.