The Main Trends in the Labor Market and their Influence on the Staff Policy of Enterprises in Ukraine

• Published in: Problemi ekonomìki 2018-03, Vol.1 (35), p.135-141
• Main Author: Tsymbaliuk Svitlana O.
• Format: Article
• Language: English
• Subjects: competitiveness; employment; labor market; staff policy; unemployment
• ISSN: 2222-0712; 2311-1186

The importance of a quick response to changes taking place in the labor market, adaptation to them of the staff policy of enterprises is determined by the need to maintain their competitiveness in the labor market. It is reasonable to monitor main trends in the labor market with a view to adapting the staff policy to changes in order to strengthen the competitive position and attract competent specialists. The aim of the article is to identify the main trends in the labor market and estimate their impact on the staff policy of enterprises in Ukraine. It is determined that the decrease in the number of economically active population, reduction in the supply of workplaces and increase in unemployment are characteristics of the Ukrainian modern labor market. At the same time, there observed a disproportionality between the supply of and demand for representatives of different professional categories. It is determined that the high turnover indices negatively characterize the staff policy and demonstrate that employers neither pay due attention to the issues of forming the employees’ engagement, loyalty nor create appropriate conditions for the fulfillment of their labor potential. The revealed tends lead to increased competition among employers in the labor market for competent specialists, which finally stimulates them to use various instruments for enhancing the enterprises’ attractiveness and the formation of a positive employer brand.