Challenges And Opportunities Of Youth Employment In Russian Labor Market

Abstract

The youth is one of the most important development resources of all countries and regions. The sustainability and quality of social and economic growth will depend on how much it will be involved in the processes of social development. The quality of modern young generation significantly predetermines the quality of future economically active population. The youth is presented as an important condition for further social and economic changes. This article discusses the situation of youth in the labor market under modern conditions. The authors of the article carried out a comparative analysis of the state of the youth labor market in the regions of the North Caucasus Federal District (NCFD) of the Russian Federation. The state of labor market of the subjects of the North Caucasus Federal District depicts the fact that there are processes that require effective mechanisms of state regulation, all available tools. In the course of the study the features of the development and functioning of the youth labor market were identified. Besides, we identified the main factors determining the position of Russian youth in the modern labor market. The competitive advantages of youth and the reasons that determine the low competitiveness of young people in the labor market were considered. According to the results of the study there were proposed some ways aimed at labor market regulation and an increase of youth employment the implementation of which will lead to the development of competitive work force, a decrease in the outflow of young citizens.