Transformation Processes in the Labour Market in a Region in the Conditions of the Digital Economy: A New Model of Organization, Digital Competencies and New Professions

Abstract

Purpose: The study is aimed at studying the transformation processes taking place in the labour market in the region in the conditions of digital economy, development of a new model of organization of this market taking into account new professions that have emerged in it and digital competences that are in demand in them. Design/methodology/approach: For empirical purposes, the author analyzes the structure of the labour market in the regions of the North Caucasus Federal District of the Russian Federation in 2018 from the positions of employment (satisfied supply), digitalization of business (aggregate new demand) and the number of digital workers (aggregate new supply). Oversupply and evident deficiency of digital economy personnel in the majority of regional economy branches have been revealed and the necessity of their balancing has been substantiated. Findings: The results of the research revealed a number of negative trends on the labour market in the digital economy. The example of the regions of the North Caucasus Federal District of the Russian Federation shows that nowadays there is a complication and toughening of competition, as well as growing imbalance of the labour market. In the structure of professions represented on this market, the traditional participants—non-digital specialists by industry—are complemented by digital specialists by industry and universal (cross-industry) ICT specialists. All of them compete with each other for employment opportunities, which is a complex task in the dynamic development (digitalization) of entrepreneurship. Originality/value: A new model of labour market organization in the region in the conditions of digital economy was developed and a competent approach for state regulation of this market was proposed. The author’s recommendations make it possible to balance the labour market and increase the probability of establishing a balance on it.