KEY ELEMENTS OF THE STATE MECHANISM OF LABOR MARKET REGULATION IN THE CONTEXT OF PRODUCTIVE EMPLOYMENT

Abstract

Ensuring productive employment in Ukraine is associated with solving a number of important tasks: achieving sustainable functioning of the economic system and strengthening the competitiveness of the state, improving the level and quality of life, effective use of labor potential and sustainable functioning of social protection. Their solution requires the system of state regulation of the labor market to review the dominant views on state influence on the development and functioning of the labor market, modernize the mechanism of interaction of its structural elements, build a qualitatively new management system, transform labor relations. The need to find new approaches to solving the problems of labor market development and the formation of a better mechanism for its regulation in Ukraine is due to changes in the economy, lack of clear and balanced employment policy, the accumulation of serious problems in the workplace and changing the content, nature and structure of employment under the influence of modern world trends. The latest requirements and challenges of modern economic crises require the development of new adaptation mechanisms in the labor market, which require all labor market institutions to achieve their own goals and implement tools to create favorable conditions for productive employment. The article substantiates the decisive role of state regulation in ensuring productive employment and demonstrates the structure of the mechanism of state regulation of the labor market, which allowed to present it as a set of interconnected elements that ensure effective functioning of a balanced and inclusive labor market and achieving productive employment through special tools, methods and levers of influence. The basic principles of forming a modern mechanism are outlined, which play the role of methodological guidelines and reveal the content and requirements for the main actors of the labor market. The main directions of state regulation of the domestic labor market to minimize risks in the labor sphere and create favorable conditions for productive employment are proposed.