scholarly journals The Impact of Digital Transformation on the Labor Market

2021 ◽  
Author(s):  
Viсtoria Vasil’evna Mirenkova ◽  
Aleksandr Lukianovich Barannikov
Keyword(s):  
Labor Market ◽  
Digital Transformation ◽  
The Impact

scholarly journals EMPLOYMENT IN THE BANKING SPHERE: THE IMPACT OF DIGITALIZATION

2021 ◽  
pp. 142-149
Author(s):  
O.G. Brintseva ◽  
Keyword(s):  
Labor Market ◽  
Banking Sector ◽  
Employee Involvement ◽  
Direct Interaction ◽  
Digital Transformation ◽  
Working Time ◽  
Team Management ◽  
Long Run ◽  
High Level ◽  
The Impact

The complex and controversial changes taking place in the labor market make new demands on personnel, necessitating the development of modern digital skills. The spread of information technology in many respects simplifies the process of obtaining and providing banking services, reducing the need for direct interaction with people at work. The COVID-19 pandemic has greatly accelerated the process of digital transformation, which for some time made it impossible for people to work directly together, leading to greater use of platforms for remote work and communication. In order to adapt employees to the conditions of remote employment, it is important to find new forms of remote team management that ensure a high level of employee involvement, a balance between work and leisure, and increase the efficiency of working time and productivity. Effective processes of digital transformation are now one of the determining factors in the competitiveness of the banking sector. In the long run, the COVID-19 pandemic and digitalisation trends will further reduce the number of employees in banking sector. This will require them to acquire new digital competencies or change their activities. In order to adapt employees to the conditions of remote employment, it is important to find new forms of remote team management that ensure a high level of employee involvement, balance between work and leisure and increase the efficiency of working time and productivity. Relevant areas of research are the transformation of employment in digital economy, the adaptation of the banking sector to pandemic constraints as well as ensuring compliance between workers' skills and modern labor market requirements.

THE IMPACT OF THE COVID-19 PANDEMIC ON CHANGING THREATS TO BUSINESS GROWTH IN UKRAINE

2017 ◽  
Author(s):  
Oksana Paslavska ◽  
◽  
Keyword(s):  
Labor Market ◽  
National Economy ◽  
Large Scale ◽  
World Market ◽  
Business Development ◽  
Digital Transformation ◽  
Small Scale ◽  
Global Trend ◽  
The World ◽  
The Impact

Quarantine has paralyzed business activity in all parts of the world. For Ukrainian entrepreneurs, this test has complicated the already difficult economic situation. This article analyzes how the priority of business development threats has changed since the beginning of the pandemic in the world. With the onset of the pandemic, the greatest threat to business development was the risk associated with human capital, which outpaced the risk of the supply chain and the return to territorialism. Contrary to the global trend, in Ukraine this year the risk of staff shortages has moved from the first line, where it has been for the last few years, to the fourth. In particular, a characteristic feature of the labor market in Ukraine has been the large scale of hidden unemployment with a relatively small scale of growth of officially registered unemployment. Moreover, the Ukrainian labor market was negatively affected by the COVID-19 pandemic in several areas. First, the development of the situation on the Ukrainian labor market is influenced by changes in the segment of the national economy, the operation of which is focused on the domestic market of Ukraine. Secondly, in that segment of the national economy, the functioning of which is focused on the foreign (world) market. Third, the development of the situation on the Ukrainian labor market is influenced by changes in the current situation with the direct migration of labor from Ukraine abroad. After all, Ukraine is a fairly large net exporter of labor and labor services on the world market. This approach to the analysis of the Ukrainian labor market in terms of the impact of endogenous (external) factors on its development in a pandemic provides an opportunity to build more reasonable scenarios for the transformation of this market depending on the further course of the COVID-19 pandemic in the world. The pandemic has led to a rethinking of the urgency and importance of digital transformation. Company executives mostly point to the acceleration of digitalization during quarantine. The pandemic has led to a rethinking of the urgency and importance of digital transformation. Company executives mostly point to the acceleration of digitalization during quarantine. The pandemic has also led to a major overhaul of supply chains, both for its suppliers and for the company as a provider of services and goods. Assessing the prospects of Ukrainian business in a pandemic, it should be borne in mind that it has long learned to work under permanent political and economic instability and uncertainty.

scholarly journals The impact of digital economy on the transformation of the labor market and forming new business models

2018 ◽  
Vol 11 (3) ◽  
pp. 296-304
Author(s):  
M. A. Izmailova
Keyword(s):  
Labor Market ◽  
Technological Progress ◽  
Business Models ◽  
Digital Economy ◽  
Digital Transformation ◽  
The State ◽  
Temporary Increase ◽  
Negative Consequences ◽  
The Impact

The beginning of the XXI century is marked by the advent of the digital economy. In order to achieve the expected results from the digital revolution in economic and social terms, it is necessary to develop a mechanism for managing the digital transformation of the economy, in the implementation of which representatives of all stakeholders must take an active part: the state, business, education system, civil society. There are quite a lot of forecasts of negative consequences of the fourth industrial revolution, namely its latest technological achievements – robotics, digitalization, artificial intelligence, etc. – on the state of employment in the labor market on the scale of a single country and the entire global space. The constructive dialogue of the participants in the digital transformation should be based on the analysis of the impact of technological progress on employment in several aspects: short – term – temporary increase in unemployment due to the discrepancy between the structure of demand and the structure of labor supply; long-term-on the progressive reduction of demand for labor due to its technologization. The article focuses on the need for high-quality training of qualified personnel, demanded by the labor market and the real sector of the economy, the relevance of competencies which will be maintained in the long term. The author emphasizes that at the same time that technological progress leads to the elimination of «old» professions, it also dictates the need for the emergence of fundamentally new professions and the creation of new jobs, the effect of which can be significantly higher. The conducted research allowed to identify the prospects and possibilities of the technological transformation in the various sectors of the economy, at the same time stresses the need to undertake analysis of its economic feasibility in relation to the specific features of each company. The analysis of digital transformation of the industry has allowed to reveal new progressive business models, the axis of which are digital technologies.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Income and Life Quality of Farmer Households Suffering Social Exclusion

2012 ◽  
pp. 63-87
Author(s):  
Anh Mai Ngoc ◽  
Ha Do Thi Hai ◽  
Huyen Nguyen Thi Ngoc
Keyword(s):  
Labor Market ◽  
Statistical Method ◽  
Social Exclusion ◽  
Central Government ◽  
Life Quality ◽  
Economic Aspect ◽  
Local Authorities ◽  
The Impact

This study uses descriptive statistical method to analyze the income and life qual- ity of 397 farmer households who are suffering social exclusion in an economic aspect out of a total of 725 households surveyed in five Northern provinces of Vietnam in 2010. The farmers’ opinions of the impact of the policies currently prac- ticed by the central government and local authorities to give them access to the labor market are also analyzed in this study to help management officers see how the poli- cies affect the beneficiaries so that they can later make appropriate adjustments.

The Impact of the Public Expenditure Cuts Policy on the Labor Market in Vietnam

2012 ◽  
pp. 22-46
Author(s):  
Huong Nguyen Thi Lan ◽  
Toan Pham Ngoc
Keyword(s):  
Labor Market ◽  
Computable General Equilibrium ◽  
Impact Evaluation ◽  
Public Expenditure ◽  
Computable General Equilibrium Model ◽  
Living Standard ◽  
Input Output ◽  
Policy Makers ◽  
The Public ◽  
The Impact

The purpose of this study is to evaluate the impact of public expenditure cuts on employment and income to support policies for the development of the labor mar- ket. Impact evaluation is of interest for policy makers as well as researchers. This paper presents a method – that is based on a Computable General Equilibrium model – to analyse the impact of the public expenditure cuts policy on employment and income in industries and occupations in Vietnam using macro data, the Input output table, 2006, 2008 and the 2010 Vietnam Household Living Standard Survey.

Evaluating the return on religious capital in the Russian labor market

2020 ◽  
Vol 19 (9) ◽  
pp. 1671-1694
Author(s):  
R.M. Mel'nikov
Keyword(s):  
Labor Market ◽  
Religious Identity ◽  
Work Experience ◽  
Church Attendance ◽  
Satisfaction With Life ◽  
Positive Impact ◽  
Religious Commitment ◽  
Religious Faith ◽  
Religious Capital ◽  
The Impact

Subject. The article addresses the impact of religious confession on wages and the likelihood of unemployment in Russia. Objectives. The aim is to test the hypothesis that religious faith and high church attendance are accompanied by an increase in employment earnings. Methods. Using the Russian Longitudinal Monitoring Survey data, I estimate the Mincer's extended equation with variables that characterize the respondent’s religious commitment. To assess the impact of religious identity and the activity rate of attendance at religious services on the likelihood of unemployment and life satisfaction, I use probit models. Results. The estimates demonstrate that the Russian labor market rewards men with moderate and high degree of religious commitment; their wage growth reaches seventeen percent of the level of non-believers with comparable education and work experience. However, faithful Muslim women are employed in the lowest paid areas. Religious faith and regular church attendance have a positive effect on satisfaction with life (significant for Orthodox Christian women). Conclusions. Positive impact of religious capital on income and employment can be attributed to the development of business qualities that are rewarded in the labor market, the mutual support of religious network participants. Therefore, it possible to consider religious capital, along with educational capital and health capital, as a component of human capital and a factor of socio-economic development.

FORMATION OF HUMAN CAPITAL IN THE DIGITAL TRANSFORMATION PARADIGM

2020 ◽  
Vol 2 (5) ◽  
pp. 115-119
Author(s):  
M. V. SAVINA ◽  
◽  
A. A. STEPANOV ◽  
I.A. STEPANOV ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Digital Age ◽  
Digital Transformation ◽  
Educational Process ◽  
Knowledge And Skills ◽  
Main Components ◽  
The Impact ◽  
Modern Era

The article highlights the problems of the impact of "digitalization" of society on the formation and transformation of human capital, and above all, the development of new competencies, knowledge and skills. The main components of human capital in the modern era, the features of the formal and informal educational process are clarified and disclosed. The necessity of minimizing the precariat class is proved. The main directions of qualitative improvement of human capital adequate to the challenges of the digital age and globalization are defined.

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