ENSURING FINANCIAL AND ECONOMIC SECURITY OF ENTERPRISES IN CONDITIONS OF DYNAMIC LABOUR MARKET CHANGES

Abstract

It should be noted that for many industrial enterprises, the priority is no longer to establish a financial and economic system with an appropriate rigid organizational structure to counter existing threats. Thus, the stability and development of the labour market determine the sustainability and competitiveness of industrial enterprises in modern conditions. It has been proven that changes in the labour market significantly affect the activities of modern industrial enterprises. In such conditions, it is extremely problematic to ignore the strengthening of changes in the labour market. The high dynamics of changes in the labour market require increasing investments in such structures, and not all enterprises are ready to invest in this. The relevance of rethinking the principles of how changes in the labour market affect the system of ensuring the financial and economic security of a modern industrial enterprise is growing. Therefore, our goal is to present a mechanism for ensuring the financial and economic security of an enterprise under conditions of dynamic changes in the labour market. The research methodology involves the use of a method for assessing parametric impact, which allows systematizing a series of factors according to their level of influence on the given object. As a result, a mechanism has been developed to ensure the financial and economic security of a modern industrial enterprise based on a preliminary assessment of the impact of a set of identified labour market transformation factors on this process. This has allowed for better formalization and solving the task of enhancing the level of financial and economic security for industrial enterprises. The formed mechanism for ensuring the financial and economic security of a modern industrial enterprise focuses on the personnel component and is aimed at increasing the efficiency of personnel work in conditions of dynamic changes in the labour market. However, some aspects, such as taking into account and detailing the components of financial and economic security and the impact of labour market changes on each of these components, were not addressed and are considered limitations to be taken into account in future research.