Professional mobility as a consequence of the digital transformation of the labor market

• Main Authors: Tarasyev, Alexander A., Tarasyeva, Tatyana V., Ivantsov, Pavel S., Khandrik, Julia A.
• Format: Conference Proceeding
• Language: English
• Subjects: Communications systems; Computer engineering; Digital technology; Digitization; Higher education institutions; Labor; Labor economics; Labor market; Markets; Regional development
• ISSN: 0094-243X; 1551-7616
• DOI: 10.1063/5.0210492

In contemporary society, professional mobility serves as the primary mechanism for redistributing labor resources across different skill groups, ensuring the continual development of the regional labor economy. This study focuses on analyzing qualified labor resources, as their proper distribution within the regional labor market is crucial for sustainable socio-economic progress and innovative development of the economic system. The aim of this research is to systematize the factors arising from the digital transformation of the market system and establish a model-based approach to describing the changes in employment processes in the labor market during this digital transition. Studying the processes of digital transformation in the economy is of scientific interest because the innovative development of the economic system heavily relies on the level of labor market development, the extent of professional mobility, and the well-being of the active labor force. By dynamically modeling the movement and direction of qualified labor resources among centers that attract young professionals, it is possible to forecast the development of the digital economy in the short and long term. One of the outcomes is identifying the optimal level of investment in human capital at the higher education stage. Improving the well-being of young individuals involved in professional mobility after graduating from higher educational institutions accelerates innovative development by involving these individuals in the digitalization processes of the economy. Based on simulation results, it is observed that the specialties related to information technology, such as computer science and computer engineering, management in technical systems, computer and information sciences, electronics, radio engineering, and communication systems, are most successful in the market under the conditions of digitalization. However, in the long term, there will be a gradual decline in the relative level of remuneration for these specialties due to increased competition caused by a larger number of specialists in this industry.