The State Regulation of Labor Market from the Standpoint of Strategic and Stakeholder-Oriented Approaches

Abstract

The article is aimed at studying the process of the State regulation of the labor market from the standpoint of strategic and stakeholder-oriented approaches. The strategic approach to formation of the conception of the State regulation of labor market is researched. Within the framework of the strategic approach the selective strategy of formation of the mentioned conception is considered. The basic criteria of formation of the selective strategy are defined. The stakeholder-oriented approach to formation of the conception of the State regulation of labor market is explored. A definition of the concept of stakeholder of labor market is formulated. The process of interaction of stakeholders in the labor market is characterized with the help of the bridging model based on bipartism, tripartism and multipartism. It is concluded that the process of forming the concept of the State regulation of labor market should be based on strategic and stakeholder-oriented approaches. The strategic approach involves the implementation of a selective strategy. A stakeholder-oriented approach emphasizes the need to achieve a balance of interests, which consists in organization of the public and economic space of the labor market through the efficient implementation of joint-distribution relations.

Keywords

• labor market
• concept of the State regulation of labor market
• strategic approach
• selective strategy
• bridging model
• stakeholder-oriented approach