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Challenges and Disparities in Providing Industry with Labor Force

Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.73, No. 3)

Publication Date:

Authors : ;

Page : 104-110

Keywords : labor force; industry; challenges; personnel needs; labor supply; disparities;

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Abstract

Structural changes in the economy, caused by current and potential changes in the needs of society for survival in today's conditions and reconstruction of the country in the post-war period. With the change of the industry structure, new requirements appear for the workforce, its qualifications, quantitative involvement in various spheres of activity. The work offers a systematization of current and potential challenges and disparities in providing industry with labor force. The dynamics of demand and supply of labor in industry, their ratio, are characterized, and a conclusion is made that there is no critical situation related to meeting the needs of industry in labor. According to general forecasts of the labor market, a shortage of personnel is expected, but the industry has a different situation by branch. The leader in the number of job shortages compared to other industries and spheres of activity is the processing industry, in the extractive industry almost a balance between supply and demand has been achieved. In the field of electricity and gas supply, the number of unemployed is almost twice as high as the demand. Only in the field of water supply and sanitation is there a labor shortage. The work emphasizes the importance of countering modern challenges and the formation of the workforce according to the needs of industry. Among the military challenges, such aspects as reduction of jobs, mass emigration of labor force, imbalance by regions and professions, high level of unemployment due to labor shortage due to asymmetry between demand and supply of labor force, loss of labor force due to mobilization and death, diminization of the labor market are highlighted. , liberalization of labor relations. The challenges inherited due to the defects of the Ukrainian peacetime economy are outlined. Emphasis is placed on the reduction of the social security of workers in the conditions of martial law, which is due to the introduction of changes in the labor legislation. The problems of the efficiency of the use of human capital, imbalance in wages, sectoral structural disparities and economic inactivity among young people are highlighted. The potential challenges of labor force development in Ukraine are outlined.

Last modified: 2024-02-28 22:47:31