Analyzing the efficiency of the national project "Labor Productivity and Support to Employment" implementation

Abstract

Subject. The article investigates approaches to labor productivity within the national project "Labor Productivity and Support to Employment". Objectives. Our aim is to identify the most efficient approaches to shaping a strategy to implement the national project "Labor Productivity and Support to Employment". Methods. The hypothesis of the study rests on the assumption that high level of labor productivity in the country (region) is determined by a set of measures at the State and regional levels, as well as at the level of enterprises and organizations. Meanwhile, at the State and regional level, certain conditions for labor productivity growth should be provided, and at the enterprise and organization level, it is important to develop and implement measures to create highly efficient production and effectively use various resources, including labor. Results. We performed an analysis and developed recommendations aimed at adjusting the national project "Labor Productivity and Support to Employment" to improve its feasibility and efficiency of implementation. Conclusions. To improve the effectiveness of national projects implementation, it is crucial to have an integrated and consistent strategy. The local nature of setting goals in individual projects prevents from achieving the synergistic effect, which is required for meeting the ambitious objectives and enhancing the efficiency of budgetary funds utilization. The problem of productivity growth cannot be solved in isolation from the problems of industries’ development and through creation of modern technological value chains.