Financial Engineering
E-ISSN: 2945-1140
Volume 2, 2024
Features of Youth Employment in the Labor Market
Authors: , , , ,
Abstract: The article considers the difficulties young people face in finding employment: high level of competition among specialists without experience, lack of necessary work in regions and forced migration of young job seekers to major cities, mismatch between education and labor market expressed in lack of necessary competences of graduates or unwillingness to work in their profession. The article also considers the main factors influencing the process of employment of young professionals and their choice of profession. It analyzes the difference between the initial salary levels in different professional fields and regions and their subsequent differentiation during the career. The opinion of young job seekers regarding their own position in the labor market is assessed: their evaluation of the difficulty and criticality of employment at the moment, readiness to reduce salary requirements, to seek part-time work and fear of quitting their current job. The article draws conclusions about the main problems hindering the employment of young job seekers in the labor market and the factors contributing to the growing shortage of young professionals in certain sectors of the economy.
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Pages: 342-350
DOI: 10.37394/232032.2024.2.32