Evaluation of factors influencing labour performance of machine-building enterprises in mining industry

Abstract

Оцінка фактОрів впливу на прОдуктивність праці машинОбудівних підприємств гірничОдОбувнОї прОмислОвОсті Purpose. The article is devoted to the investigation of factors influencing labour productivity of machine-building enterprises in mining industry and to their evaluation in order to increase the competitiveness. To develop ways to increase the competitiveness of engineering enterprises within the same mining industry by the means of increasing their labour productivity. To determine the relationship between labour productivity at engineering enterprises of mining industry and return on assets as well as return on sales using correlation analysis. To ground and to explain the indicator of labour as basis for the formulation of quantitative and qualitative indicators used in further assessment of production competitiveness at machine-building enterprises. Methodology. The study uses the methods of analysis and synthesis, deduction and induction (in determining the factors affecting company's productivity), systematization and generalization (to clarify the relationship between living and materialized labour, to suggest new ways to increase productivity and, thus, enhance enterprises' competitiveness), correlation analysis (in determining the relationship between labour productivity at machine-building enterprises of mining industry and the indicators of return on assets and return on sales). Findings. Impacts on productivity of machine-building enterprises within the mining industry are analysed and explained. Forms of labour productivity are investigated on the sample of these enterprises. Ways for further improvement are determined concerning the increased productivity of these enterprises that are producing equipment for the mining industry which include: improving the organization of production and labour through formation of labour force possessing newest qualifications; transformation of factors of macroeconomic environment of these enterprises, especially those of ecological sphere; structural transformation of production, aimed at modernization of fixed assets; creation and development of necessary social infrastructure; ensuring business competitiveness based on the definition of marginal productivity. The authors suggest new directions of increasing enterprises' competitiveness through implementation of following measures: revision of the key competitive strategies; increase in revenue through higher prices and raised marketing spendings; cost cutting; reduction of illiquid assets; combining all these methods from above. It is also recommended to ensure these enterprises' competitiveness on the basis of determining their marginal productivity. The degree of influence of return on assets and sales margins on productivity of machine-building enterprises within the mining industry is established using correlation analysis. Originality. The level of labour productivity is economically grounded through the use of both quantitative and qualitative indicators directed on the measurement of the competitiveness...

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