Financial support for the competitiveness of employees in the mining industry

Iryna Perevozova,Vitalina Babenko,Oksana Kondur,Nadiia Daliak,Zoriana Krykhovetska,S Semerikov,V Soloviev,L Kibalnyk,O Chernyak,H Danylchuk

doi:10.1051/shsconf/20196501001

Abstract

The development of a socially oriented market economy in Ukraine, the effective implementation of reforms in this direction and the improvement of the well-being of the population is not possible without qualitative financial support for the competitiveness of workers, above all, in the mining industry. However, the absence of effective levers of influence on the organization of high-tech production in this area, its considerable intensiveness of material and energy, and its complexity and harm have negatively affected the labor motivation of miners and the profitability of mining enterprises. Therefore, the urgent issues at the current stage of development of Ukraine's mining industry are determining the conditions and opportunities for increasing the competitiveness of employees in this industry. Scientific novelty of the results is to identify, substantiate and analyze the main stages of financial support for the competitiveness of workers in the mining industry under the conditions of a changing vector of the country’s foreign economic policy and of market for products of this industry. The obtained results of the research are the basis to both the study and practical solution of the problem of how to increase the competitiveness of miners in enterprises under various forms of management. This approach involves not only a high level of material incentives for highly qualified specialists in mining, but also a comprehensive development of personnel potential in this industry as a whole.

Highlights

The formation of high-tech production in Ukraine, effective implementation of reforms to this end, increase in gross domestic product and real incomes of citizens is only possible under the condition of high-quality financial support for the competitiveness of workers, above all, in the mining industry
Taking into account the interpretation of the socioeconomic category described above, we have identified the main stages of financial support for the competitiveness of the mining industry (Fig. 1)
As a result of the analysis, we have established that the competitiveness of an employee of the mining industry implies his ability to fully exercise his right to work in an economic entity of the industry and receive an appropriate remuneration for it at any time

Summary

Introduction

The formation of high-tech production in Ukraine, effective implementation of reforms to this end, increase in gross domestic product and real incomes of citizens is only possible under the condition of high-quality financial support for the competitiveness of workers, above all, in the mining industry. The profitability of operational activity of industrial companies in Ukraine for the above period decreased more than twice and amounted to less than 1% [1]. This situation destabilizes the industrial and economic security of the country, as well as the supply and demand of the labor market in this field. Taking into account urgency and lack of solution for the aforementioned problem, the main goal of this study is to characterize financial support for the competitiveness of the mining industry workers and to develop measures for its improvement. We have identified the following main tasks: – to form an apparatus of categories on the interpretation of the essence of the workers’ competitiveness in the mining industry; – to identify and characterize the main stages of financial support for the competitiveness of workers in this field; – to propose measures for the effective implementation of the above-mentioned stages

Objectives

Findings

Discussion

Conclusion