INSTITUTIONAL TRANSFORMATION OF THE LABOUR MARKET IN CONDITIONS OF PRECARIOUS EMPLOYMENT

Abstract

The article considers theoretical and methodological approaches to analysing institutional transformation of the labour market in conditions of widespread precarious forms of employment. The growth of unstable, temporary, low-paid and informal types of work, characteristic of precarisation, necessitates a review of traditional institutional mechanisms for regulating employment, social protection and labour relations in general. The article systematises scientific approaches to defining the nature of precariousness and its consequences for the social and labour sphere. A comparative analysis of national and foreign experience in adapting labour market institutions to the challenges of precariousness is conducted. The main risks caused by the growing number of workers in the unstable employment segment are outlined: reduced social protection, increased inequality, loss of motivation for skilled work, and the formation of new vulnerable social groups. It has been determined that the current institutional system in Ukraine is only partially adapted to the new conditions: its mechanisms remain fragmented, and the legislative field does not provide an adequate balance between employment flexibility and social protection guarantees. In this regard, the article touches upon two types of socio-psychological and worldview relations that arise within the framework of organisational management: relations and interactions between people, which are studied within the framework of management knowledge, and relations between people and capital as a self-growing value, business as a philosophical category, which are studied in political economy. As a result of the study, the author proposes a conceptual model of institutional transformation of the labour market, focused on the implementation of decent work principles, the development of flexicurity institutions, the modernisation of the social insurance system, and the promotion of social dialogue at all levels. Promising areas of public policy for overcoming the negative consequences of precariousness and forming an adaptive, inclusive labour market are highlighted. The materials of the article may be useful for researchers, experts in social and labour relations, civil servants, as well as anyone involved in labour market reform and social policy in the context of structural changes in the economy.