Methodical approaches to assessing the impact of labor development indicators on the performance of enterprises

Abstract

The purpose of the study is to substantiate the possibility of applying new methodological approaches to assess the impact of significant indicators (factors) of labor potential on the results of the enterprise by using methods of factor analysis and obtaining bottlenecks for practical application of relevant management issues aimed at improving the results of research enterprises. The mechanism of application of new methodical approaches to determination of influence of internal indicators (factors) of development of labor potential of the enterprise on the results of financial and economic activity of enterprises by the use of special mathematical tool - methods of the factor analysis are investigated. The choice of indicators that adequately reflect the forms of manifestation of the essence of the studied phenomenon for such a factor analysis is an extremely important problem. Methodology. In our case, sixty-seven indicators characterizing their labor potential were selected at three enterprises. Thirty-six of the most valuable of them were selected due to the use of mathematical statistics, which served as input for factor analysis, as a result of which the authors obtained a matrix of factor loadings of indicators characterizing the labor potential of the studied enterprises. The practical significance of the study іs that, as a result, the most significant factors of influence were identified for each of the studied enterprises. Taking into account these factors, it is possible to effectively manage the development of labor potential of the enterprise in the direction of improving the results of their financial and economic activities.