THE BALANCE OF LABOR RESOURCES: PRECONDITIONS FORECASTING TRAINING COSTS IN GENERAL AND VOCATIONAL EDUCATION

Abstract

The process of funding of general and vocational education system is closely connected with the process of reproduction of the labor force, in particular with regard to the formation of human resources. Training of professional staff and their distribution as the two phenomena are consistent. Selection of areas of training is determined by the existing expectations in areas of future professional activity of experts and may change over time due to changes in the structure of the labor market taking into account the needs of business and government interests. In this regard, assessment of the distribution of the process of reproduction of a manpower costs must be predetermined by using its forecasting methods that will optimize the costs of the relevant articles, including the state budget. Regulation of the process of professional training begins with the formation of approaches to general education and vocational training to develop an optimal structure. The basis for the solution of these issues is the financial mechanism of the total education expenditure budgets and training of personnel, the use of which provides a financial professional training process and contributes to balance the needs of the economy in the necessary workforce. This article discusses the most common methods of forecasting the labor force, including: method of forecasting employment based on data from the state employment service and private employment agencies, the method of international comparison, employment in the field of forecasting the labor force on the basis of the production function. The authors proved that almost carried out the process of forecasting manpower needs of the organizations using the methods suggested above, makes it possible to optimize the structure of personnel costs in the process of selection, training and re-training of professional personnel and therefore enhances their competitiveness and increase profit volume. It was also found that by using these methods of forecasting demand for manpower in the state it is possible to optimize expenditure on education by redirecting financial flows in the most sought after for the sphere of the state.

Keywords

• labor force balance
• the reproduction of the labor force
• employment forecasting
• funding for education
• optimization of public spending