2024 25

Human Resources in a Time of Economic Instability

Iievlev V. V.
postgraduate student
ORCID https://orcid.org/0009-0007-2234-8664
e-mail: viktors0001v@gmail.com,
Institute of Industrial Economics of the National Academy of Sciences of Ukraine, Kyiv.

Citation Format
Iievlev V. V. Human Resources in a Time of Economic Instability. Management of Economy: Theory and Practice. Chumachenko’s Annals: collection of scientific papers / Institute of Industrial Economics of the NAS of Ukraine. Kyiv, 2024. P. 312-320. DOI: https://doi.org/10.37405/2221-1187.2024.312-320

Language
 Ukrainian

Resume
An important problem that has arisen for enterprises in the current conditions of the industrial economy and development of Ukraine and will be relevant in the post-war period is the need for effective assessment and management of human resources in conditions of uncertainty and instability. As practice shows, traditional assessment methods that were used before the war no longer correspond to the realities of the post-war period, when enterprises are faced with new challenges and need to adapt to a changing environment. Under these conditions, an important aspect is the integration of new technologies with innovative approaches into the human resources management process. This includes the implementation of digital tools for monitoring and analyzing labor efficiency, the use of artificial intelligence to predict trends in the labor market, as well as the development of flexible training and personnel development strategies that would meet modern challenges. Human resources, in particular in the field of information technology, are facing new challenges and requirements, which emphasize creative abilities, innovative  thinking and the ability to learn and adapt. In this context, people cease to be just a «resource», but become active participants whose talents and abilities are key to innovation and the overall success of the enterprise.
The purpose of the work is to determine human resources using international observations in the context of military migration and business relocation in the country.
It is proven that high-quality human resources management is possible if an integrated approach is used, taking into account economic and social factors.
Human capital can be accessed through the number of intellectual workers and the amount of information, knowledge and skills they possess, through the number of leaders, idea generators, and using an index approach.
It is determined that the predominant qualities in determining the level of professionalism of human resources are adaptive and timely change management, flexibility, critical thinking and development of emotional intelligence, mastery of artificial intelligence digitalization technologies, and the requirements for employees to be fluent in  foreign languages are becoming increasingly high.

Keywords
human resources, professional activity, assessment of human capital, personnel qualifications, enterprise management efficiency, economic development.

Referensces

  1. Zhuk, I. L. (2017). Liudski resursy. Entsyklopediia Suchasnoi Ukrainy [Human Resources. Encyclopedia of Modern Ukraine]. Kyiv, Institute of Encyclopedic Research of NAS of Ukraine. Retrieved from https://esu.com.ua/article-59920 [in Ukrainian].
  2. Dovhan, L. Ye., Veduta, L. L., Mokhonko, H. A. (2018). Tekhnolohii upravlinnia liudskymy resursamy [Human resources management technologies]. Kyiv, Igor Sikorsky Kyiv Polytechnic Institute. 512 p. [in Ukrainian].
  3. Laptiev, V. I., Ivanova, O. Yu. (2017). Liudski resursy – faktor vyrobnytstva abo investytsii u maibutnie [Human resources – a factor of production or investment in the future]. Suchasni problemy upravlinnia pidpryiemstvamy: teoriia ta praktyka [Modern problems of enterprise management: theory and practice]: Proceedings of the international scientific and practical conference (Kharkiv, March 30-31, 2017). (рp. 236-238). Kharkiv, FOP Panov A. M. [in Ukrainian].
  4. Аrnd Kölling. (2022). Shortage of Skilled Labor, Unions and the Wage Premium: A Regression Analysis with Establishment Panel Data for Germany. Journal of Labor Research, Vol. 43 (2), pр. 239–259. DOI: https://doi.org/10.1007/s12122-022-09334-1.
  5. Joseph Kuehn. (2017). The Effect of Competition on the Demand for Skilled Labor: Matching with Externalities in the NBA. California State University, East Bay – Department of Economics. November 21. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3074179.
  6. Kathryn Zickuhr. (2022, May 31). Is there a skilled labor shortage? The economic evidence on skills gap and labor shortage concerns Washington Center for Equitable Grownth. Evidence for a stronger economy. Retrieved from https://equitablegrowth.org/is-there-a-skilled-labor-shortage-the-economic-evidence-on-skills-gap-and-labor-shortage-concerns/.
  7. Blank, Rebecca. (2021). For a Competitive Economy, We Need a Skilled Workforce. Issues in Science and Technology, October 1. Retrieved from https://issues.org/competitive-economy-skilled-workforce-blank/.
  8. Vplyv kryzy v Ukraini na sferu pratsi: pochatkovi otsinky [The impact of the crisis in Ukraine on the labor sector: initial assessments]. Retrieved from https://www.ilo.org/resource/brief/impact-ukraine-crisis-world-work-initial-assessments [in Ukrainian].
  9. Infliatsiinyi zvit Natsionalnoho banku Ukrainy [Inflation report of the National Bank of Ukraine]. Retrieved from https://bank.gov.ua/ua/monetary/report [in Ukrainian].
  10. Infliatsiia zalyshatymetsia pomirnoiu, a ekonomika nadali vidnovliu vatymetsia u 2024–2026 rokakh [Inflation will remain moderate and the economy will continue to recover in 2024–2026]. Retrieved from https://bank.gov.ua/ua/news/all/inflyatsiya-zalishatimetsya-pomirnoyu-a-ekonomika-nadali-vidnovlyuvatimetsya-u-20242026-rokah–inflyatsiyniy-zvit-nbu [in Ukrainian].
  11. Ukraina zalyshaietsia krainoiu z vysokym Indeksom liudskoho rozvytku – zvit UNDP [Ukraine remains a country with a high Human Development Index – UNDP report]. Retrieved from https://www.undp.org/uk/ukraine/press-releases/ukrayina-zalyshayetsya-krayinoyu-z-vysokym-indeksom-lyudskoho-rozvytku-zvit-undp [in Ukrainian].
  12. Buleev, I., Bryukhovetskaya, N., Bryl, I. and Bryukhovetsky, Y. (2023). Chapter 5. Creating Effective Mechanisms for Stimulating Entrepreneurial Activity in the Context of Transforming Digital Enterprises. Recent Trends in Business and Entrepreneurial Ventures. 2023. 302 р. DOI: https://doi.org/10.52305/KZZV1105.
  13. Briukhovetska, N. Yu., Ivanenko, L. V. (2020). Otsiniuvannia liudskoho kapitalu ta dodanoi vartosti pidpryiemstv: teoriia ta praktyka [Valuation of human capital and added value of enterprises: theory and practice]. Kyiv, IIE of NAS of Ukraine. 184 р. [in Ukrainian].
  14. Korytko, T., Bryl, I., Piletska, S., Arefieva, O., Arefiev, S. (2021). Strategy of innovation development of and enterprise on the basis of evaluation of its intellectual capital. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 3, рр. 134-141. DOI: https://doi.org/10.33271/nvngu/2021-3/134.
  15. Pro liudskyi rozvytok [On human development]. Retrieved from https://www.undp.org/uk/ukraine/ [in Ukrainian].
  16. Try chverti robotodavtsiv vidchuvaiut defitsyt kadriv v Ukraini [Three quarters of employers experience a shortage of personnel in Ukraine]. Retrieved from https://eba.com.ua/try-chverti-robotodavtsiv-vidchuvayut-defitsyt-kadriv-v-ukrayini/ [in Ukrainian].
  17. Doslidzhennia rynku pratsi Ukrainy. Yevropeiska Biznes Asotsiatsiia [Ukrainian Labor Market Research. European Business Association]. Retrieved from https://eba.com.ua/doslidzhennya-rynku-pratsi-ukrayiny-2/ [in Ukrainian].
  18. Finansovi rezultaty diialnosti velykykh ta serednikh pidpryiemstv za sichen – cherven 2024 roku: Ekspres-vypusk [Financial results of large and medium-sized enterprises for January –June 2024: Express release]. State Statistics Service. Retrieved from https://www.ukrstat.gov.ua [in Ukrainian].
  19. Bryl, I. V. (2024). Instrumenty otsiniuvannia liudskoho kapitalu [Tools for assessing human capital]. Biznes-analityka: modeli, instru-menty ta tekhnolohii [Business Analytics: Models, Tools and Technologies]: Proceedings of the 5th International Scientific and Practical Conference. (рр. 103-107). Kyiv, NAU [in Ukrainian].
  20. United Nations Development Programme. Retrieved from http://www.undp.org.
  21. Global Innovation Index. Retrieved from https://www.wipo.int/global_innovation_index/en/.
  22. Pozytsii Ukrainy v Global Innovation Index 2024: analiz i tendentsii [Ukraine’s positions in the Global Innovation Index 2024: analysis and trends]. Retrieved from https://entc.com.ua/uk/2584-pozytsii-ukrainy-v-global-innovation-index-2024-analiz-i-tendentsii [in Ukrainian].

Full Text .pdf

Received: 18.11.2024
Accepted: 09.12.2024
Published: 20.12.2024