Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)

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Conceptual Fundamentals of the Labor Market Development in Ukraine in Terms of the COVID-19 Pandemic

Authors
Dmitriy Babych, Svitlana Babych, Iryna Ternova
Corresponding Author
Dmitriy Babych
Available Online 27 August 2021.
DOI
10.2991/aebmr.k.210826.005How to use a DOI?
Keywords
labor market, unemployment, wages, COVID-19, mobility of human resources, adaptation period, top professions
Abstract

The article deals with the current trends in the labor market in Ukraine caused by the COVID-19 pandemic. There has been a decline in demand for non-essential goods and products and limited mobility of human resources, which has slowed the pace of the manufacturing sector development. The structural changes of the modern labor market in 2020-2021 have been analyzed and the most demanded professions, preferences of job seekers and employers are determined. It is established that today, in the labor market there is a decrease in demand and supply of labor, which became the basis for an increase in the unemployment rate, which provoked labor mimicry, which was to be the basis for the emergence of new types professionally adapted to conditions caused by quarantine restrictions. It is determined that a new model of the labor market is being formed, and the demand for retraining of employees will grow. The concept of the state regulation of the labor market is developed and the scientific and methodological principles of its formation are substantiated on the basis of certain social and economic methods, including the methods of modern educational technologies which represent the most rational and efficient means of achieving the set goal – improving the level of human capital development in terms of the global crisis caused by the COVID-19 pandemic.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
27 August 2021
ISBN
978-94-6239-422-3
ISSN
2352-5428
DOI
10.2991/aebmr.k.210826.005How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Dmitriy Babych
AU  - Svitlana Babych
AU  - Iryna Ternova
PY  - 2021
DA  - 2021/08/27
TI  - Conceptual Fundamentals of the Labor Market Development in Ukraine in Terms of the COVID-19 Pandemic
BT  - Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
PB  - Atlantis Press
SP  - 23
EP  - 29
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210826.005
DO  - 10.2991/aebmr.k.210826.005
ID  - Babych2021
ER  -