Motivating Young People’s Labor Behavior as an Opportunity for Implementing Financial Strategies

Alikperova, Natalia; Yarasheva, Aziza; Vinogradova, K. V.

doi:10.15838/esc.2019.1.61.14

Cited by 5 publications

(2 citation statements)

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“…Thus, the company’s experts note, that dynamic development and project activities are important for young professionals, which gives an opportunity to constantly learn something new and solve various tasks outside of their usual scope [ 16 , p. 7]. Alikperova, Yarasheva, Vinogradova noted “… readiness of young people to change the type of professional activity” [ 1 , p. 226]. Shafranov-Kutsev, Cherkashev, who have studied young people’s focus on competition and entrepreneurship note that « … professional development, continuous and purposeful self-education, acquirement of professional, entrepreneurial, and business competences transform educational, innovative potential into a special competitive advantage ensuring competitive power [ 19 , p. 118]».…”

Section: Resultsmentioning

confidence: 99%

“…The list of presented trends is not exhaustive. There is a noticeable imbalance between the education received and the immediate needs of the labor market, leading to youth unemployment [ 1 ]. The data obtained by Kontakt InterSearch Russia in the study “Expectations of employers and young professionals from each other” confirm the existence of this imbalance [ 16 ]: 52% of the surveyed managers name the lack of professional knowledge among graduates as the main difficulty in selecting young professionals.…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

Modern Trends of Russian Labour Market: Employers and Employees Expectations

Grishaeva

Beregovskaya

Voort³

2020

Digital Economy and the New Labor Market: Jobs, Competences and Innovative HR Technologies

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This article discusses trends in the Russian labour market which reflect changes brought by digitization, changing gender roles, generational characteristics of the labour force, etc. Special attention is paid to the processes of flexibilization, which, in particular, result in such a phenomenon as “precarious employment”. The authors consider the horizontal career as one of the trends, which allows maintaining motivation and involvement when reaching the “ceiling” of a vertical career, as well as the specifics of working in a remote format and the attitude of employers to this format of work. The conclusions in this paper are based on the data from a sociological research conducted by the headhunting company Kontakt InterSearch Russia in 2019-2020.

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Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Modern Trends of Russian Labour Market: Employers and Employees Expectations

Grishaeva

Beregovskaya

Voort³

2020

Digital Economy and the New Labor Market: Jobs, Competences and Innovative HR Technologies

View full text Add to dashboard Cite

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Assessment of the Unemployment Situation of Vulnerable Groups in the Labour Market of the Baltic States

Okunevičiūtė-Neverauskienė

Pocius

Krutulienė

2021

STEPP

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The study analyses the unemployment situation of socially vulnerable groups in the Baltic States in the context of the European Union. The analysis of the unemployment rate is based on gender, age and duration of unemployment. Statistical analysis identified the most vulnerable groups in the labour market and those most sensitive to economics fluctuations. The study also evaluated the relationship of economic growth with employment of these groups. The research highlighted that in the Baltic countries, the global financial crisis more significantly affected vulnerable groups, mainly because of the impact of the crisis in 2009–2010. Hence these results differ from the general trend in unemployment rate of the target groups in the countries of the European Union. Unemployment rate at the EU level did not coincide with similar trends observed in the target groups in the Baltic States. In the Baltic States, the unemployment rate of the target groups started to grow earlier and faster than in the EU countries and it started to decrease much earlier than the EU unemployment rate indicators. In addition, in the Baltic countries, the growth of target group unemployment was significantly higher than the EU average. The fast and volatile growth of unemployment within the mentioned target groups shows that they had difficulties adapting to dramatically worsening conditions in the labour market in the Baltic States. The current pandemic situation in comparison to the global financial crisis of 2009–2010 has a less negative effect. The study revealed that unemployment rates in the Baltic States were close to the EU average. The research results also showed that men and the youth are sensitive to economic fluctuations in the Baltic States. On the one hand, unemployed men and the youth tend to more easily enter the labour market during economic upturns. On the other hand, in an economic downturn, these jobseekers face significant integration difficulties into the labour market and become more socially vulnerable. It is important to note that long-term unemployed people belong to the most vulnerable groups. People with low skills or qualifications face multiple barriers to labour market integration. Long-term unemployment leads to a loss of income, an erosion of skills, a higher incidence of health problems and increased household poverty.

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Gender differences in financial behavior of population

Yarasheva

Alikperova

2020

Population

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The article analyzes various studies in the field of population behavior in the financial market. Since psychological factors related to mentality, temperament, and risk-taking play an important role in implementing financial strategies, along with rational motives, women and men may behave differently. An attempt is made to answer the question: whether there are significant gender differences in financial behavior models, and whether this aspect requires a close attention of scientists who study trends and features of forming strategies of Russians when making economic decisions. A review of Russian and foreign studies aimed at investigation of gender characteristics of investment behavior and financial literacy is performed. Traditionally, in most families, men are responsible for the financial situation, they are more concerned with providing for their family, earning and multiplying money. Women, as a rule, are more concerned with the «inner» side of family life — so that everyone is fed, dressed, shod, and provided with everything necessary. Therefore, if both of them have decided to invest, the emphasis in the well-known formula «save and multiply» is made by men on the second word, and by women — on the first. As a result, women are significantly less likely to take risks and more likely to make profitable transactions. Men are more prone to take risks, for them it is not so much the result of investment that is important, as the excitement, and work in the financial markets is somewhat akin to hunting. Probably there are some primitive triggers at the level of the subconscious that are blocked by the norms of morality and etiquette in society. For women, stability is much more important, and the desire to maintain a sense of security prevails rather than a thirst for risk. The study revealed poor elaboration of this topic, lack of Russian research on gender-specific financial behavior due to the underdevelopment of the Russian financial market, as well as the lack of sufficient supply of financial instruments for further accumulation of experience in implementing their strategies by representatives of both genders.

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Motivating Young People’s Labor Behavior as an Opportunity for Implementing Financial Strategies

Cited by 5 publications

References 0 publications

Modern Trends of Russian Labour Market: Employers and Employees Expectations

Modern Trends of Russian Labour Market: Employers and Employees Expectations

Assessment of the Unemployment Situation of Vulnerable Groups in the Labour Market of the Baltic States

Gender differences in financial behavior of population

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