Methodology and Assessment of Labor Remuneration in Terms of Implementing the Principles of Decent Work in Ukraine

Abstract

The aim of the work is to highlight the methodological and methodical aspects, and the results of studying labor remuneration in terms of implementing the principles of decent work in Ukraine. The necessity of implementing the concept of decent work and its payment into the practice of social and labor relations is substantiated. The methodological basis for developing tools to assess wages in terms of implementing the principles of decent work is formulated. Indicators and standards of decent wages for the macro level are proposed. Based on the results of the expert survey, the reliability of the formed indicators and their weights are determined. Various methodological approaches to calculating single indices of decent wages are proposed depending on the specifics of the indicators, units of measurement, established standards, and the availability of a basis for comparison. The article contains the methodology for determining a composite indicator of decent wages, which can be used to carry out a comparative analysis of the wage policy of various countries and their ranking. Ranges of values for the composite indicator of decent wages are developed to determine its level and trends in labor remuneration. The results of assessing wages in terms of implementing the principles of decent work in Ukraine showed that single indices have zero values for most indicators. The composite indicator of decent wages at the macro level corresponds to the level “below average”, which indicates a number of shortcomings in the wage policy in Ukraine. The results of the study indicate a lack of attention of government bodies, enterprise managers, and social partnership parties to wage management issues, which requires developing innovative mechanisms for the formation of wage policy based on decent work.

Keywords

• labor remuneration
• wage policy
• decent work
• decent wages