LABOUR MARKET AND PECULIARITIES OF INFORMAL EMPLOYMENT IN THE CONTEXT OF THE GLOBAL PANDEMIC

Abstract

In terms of overcoming the socio-economic problems in Georgia, great importance is attached to efficient functioning of the labour market. It must ensure a radical change the sphere of social-labour relations, accordingly, efficient overcoming the chronic unemployment in the country and efficient employment of labour force. The results of the research confirms, that adequate labour market of normal market environment is still on the formation stage with serious problems and challenges which is developed in Georgia. In 1990s at the initial stage of formation the national labour market difficult economic situation which was in the country, give a push negative developments in the field of labour relations, among which before nowadays invincible challenge is the growing trend of informal employment. It can be said, that this one took on a large-scale character in the current period of financial and economic crisis caused by the global pandemic. In fact, the informal sector in Georgia has become an independent segment of the labour market, which has a significant impact on employment of the population, standard of living and on the overall process of economic development. Informal employment, as an important study socio-economic event and phenomenon, assess its level and scale, it can be said convincingly that it will not lose its relevance for many years. Negative consequences of informal employment, needs analysis and evaluation factors affecting the influx of economically active population into the informal sector of the labour market. Also its important discuss and evaluate the positive aspects of informal employment in the short term, which manifested in facilitation reasons socio-economic and psychological consequences of unemployment. In the work researched certain aspects of informal employment, analyzed its forms, faces, identified peculiarities of informal employment and rated its scale against the background of the global pandemic. Substantiated, that informal segment of the labour market requires depth research and evaluation. By the research identified the main factors for the growth and development of employment in the informal sector of economy in the Georgian labour market, from which we must distinguish: high levels and scale of poverty in the country, chronic unemployment and inefficient employment; insecurity social principle of justice in the field of employment; equal employment opportunities for job seekers; lack of proper conditions for equal realization of labour rights; population low availability on different types of labour market services and events, inadequate rates of economic development; reduced demand for labour, accordingly limited employment opportunities and prospects; low level and quality of development of vocational education system, which not fully focused on labour market demands, social protection of the unemployed, none of insurance mechanism; difficulties in training and retraining the unemployed; low level of remuneration; low level of stimulation, motivation and labour organization, underdevelopment of labour market infrastructure and its management information system, problems in the field of management and regulation of social-labour relations, which connected to the development of the legislative-normative base, lack of a complete mechanism for controlling the working conditions of employees and etc. The main results of the research are summarized in the concluding part of the work