FEATURES, TRENDS AND CHALLENGES OF THE GLOBAL LABOR MARKET

  • Irina Onyusheva Stamford International University, Bangkok
  • Thipvadee Na Pombhejara Stamford International University, Bangkok
DOI: https://doi.org/10.35678/2539-5645.2(9).2018.39-47
Keywords: employment trends; global workforce; Fourth Industrial Revolution; technological factors; demographic factors; drivers of change; globalization

Abstract

The key trends of the 21st-century labor market include: shifting of demographic patterns, quicker pace of technological changes, further evolution of globalization with its newer implications for the future of work as such. Very soon employees wordlwide will work in more decentralized but at the same time also more specialized firms. Slower labour growth will encourage employers to recruit from social groups with previously relatively low labour participation. Greater emphasis will be placed on staff retraining and lifelong learning. Future productivity growth will support higher wages and may affect wage distribution overall. Considering all of the above, it seems to be vital to understand the issues which organizations/employees are facing today, so that to be aware of the issues the upcoming generations would have to face, to adjust to and be prepare to, considering the growing robustness of the world labour market

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Author Biographies

Irina Onyusheva, Stamford International University, Bangkok

PhD in Economics, Dr.h.c. of IANH, Associate Professor, Corresponding Member of Academy of Pedagogical Sciences of Kazakhstan, Academician of International Informatization Academy, member of the Editorial Board of the 'Polish Journal of Management Studies' (Scopus, SJR, WoS).

Research Field And Scientific Interests: formation, ensuring and increasing economic competitiveness on both micro- and macro- levels; human capital development; HR management; knowledge economy; project management.

She is the author of more than 70 research publications, author of an individual scientific monograph named “Human capital in context of national economic competitiveness: formation factors and development prospects» (2015) awarded as "Best educational edition in economic field" in the framework of the XXVI international book fair of educational publications (Sochi, Russia, October 8-11, 2015), and Gold medal “European Quality” (ESIC, Germany, Russia, April 4, 2016).

Thipvadee Na Pombhejara, Stamford International University, Bangkok

Stamford International University, International MBA Program

Interests – International Business Management,

Strategic Management, Labor Market

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Abstract views: 977
PDF Downloads: 263
Published
2018-03-30
How to Cite
Onyusheva, I., & Pombhejara, T. (2018). FEATURES, TRENDS AND CHALLENGES OF THE GLOBAL LABOR MARKET. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(9), 39-47. https://doi.org/10.35678/2539-5645.2(9).2018.39-47
Issue
No 2(9) (2018): The EUrASEANs: journal on global socio-economic dynamics
Section
Articles

Copyright

The EUrASEANs

International College Suan Sunandha
Rajabhat University, Bangkok, Thailand