Correlation of Personnel Management, Sustainable Development of Coal Mining Region and its Financial Security

Abstract

The article examines the problems of sustainable social and economic development of the region of the mineral and raw material cluster associated with the search for the effectiveness of personnel management at the enterprise level. It is stated that under the conditions of economic turbulence, stagnation of production, sluggish growth of real income and wages, the issue of motivation and its connection with labor productivity becomes a major goal. A field study of personnel motivation was carried out and the results of an assessment of the management concept were obtained. It has been found that the main form of the motivational complex is the motivation model in which the external positive incentive of the personnel prevails over the external negative incentive which is greater than the internal motivation of the personnel. The conclusion is made that the motivation to labour exceeds the compulsion which is higher than the personal inclination to labour. In this case, the personal desire to effective work is low and subsequently it reduces labor productivity and increases staff turnover. The statement is justified that a decrease in the importance of external negative motives and (or) an increase in the importance of external positive incentives and internal incentives will lead to better motivation to work, which will contribute to an increase in labor productivity. In its turn, an enterprise with such attitude will be more resistant to external influences. It is concluded that this will stimulate the financial stability of the region in general and have a positive effect on financial security.