Application of innovative factors to increase labor productivity

The relevance of the research topic lies in the fact that increasing labor productivity is an urgent task for all levels of the economy. Labor productivity is the basis of long-term economic growth and competitiveness. Ukraine has the potential to solve the problem of increasing labor productivity,...

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Main Authors: Vitaliy Chaban, Galina Chaban
Format: Article
Language:English
Published: Hryhorii Skovoroda University in Pereiaslav 2022-09-01
Series:Економічний вісник університету
Subjects:
Online Access:https://economic-bulletin.com/index.php/journal/article/view/896
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author Vitaliy Chaban
Galina Chaban
author_facet Vitaliy Chaban
Galina Chaban
author_sort Vitaliy Chaban
collection DOAJ
description The relevance of the research topic lies in the fact that increasing labor productivity is an urgent task for all levels of the economy. Labor productivity is the basis of long-term economic growth and competitiveness. Ukraine has the potential to solve the problem of increasing labor productivity, using innovative factors to increase it. To this end, the country studies and analyzes the works of scientists, practical experience, natural potential and other opportunities to increase labor productivity. Formulation of the problem. Although there are many areas of application of innovative factors for increasing labor productivity, it is required, first, to find new and improve existing ways to increase labor productivity. Therefore, a high level of labor productivity is the main condition for the effective functioning of an enterprise in market conditions, since this indicator is one of the main factors of competitiveness, which means an increase in the standard of living. Only by choosing an innovative way of development of the enterprise, it is possible to achieve the set goals. Therefore, the issue of using the innovation factor to increase the productivity of the enterprise is relevant. Analysis of recent research and publications. Research on related issues with increasing productivity and factors influencing it. Many domestic and foreign scientists, in particular: Z. Varnaly, D. Goddess, O. Grishnova, A. Revenko, E. Kuchina, L. Fulakova, B. Crepon, E. Duguet, L. Klomp, A. Manual and others. At the same time, the problem has not been fully studied, especially with the direction of using innovations to increase labor productivity in business. The purpose of this article is to give practical recommendations on the use of innovative factors to increase labor productivity. To achieve the goals set, it is necessary to solve the following tasks: to demonstrate the socio-economic significance of increasing labor productivity in modern conditions; clarify the classification of labor productivity growth factors and highlight the innovative component, determine the place of innovation in the system of labor productivity increase factors; characterize the impact of innovative factors on labor productivity; suggest possible ways of using innovations to increase labor productivity. The object of research is the process of increasing labor productivity in enterprises. The subject of the research is the study of theoretical and practical issues about the impact of innovations on the growth of labor productivity. Application area. The results of this study can be applied at Ukrainian enterprises to solve the problem of applying innovative factors to increase labor productivity at the enterprise, as well as in the initial process of teaching the discipline "Labor Economics and Socio-Economic Relations", "Personnel Management", "Innovative Development of Enterprises". Conclusions in accordance with the article. This study leads us to the conclusion that the problem of increasing labor productivity is currently emerging. It is especially important for Ukraine as it is in the process of economic transformation. Our country is facing serious problems: increased pressure from international competitors, dependence on the export of raw materials and world valuables, low living standards for the majority of the population, etc.
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spelling doaj.art-1b439db2545b4719a4af0fd77ee049a02023-08-27T17:34:33ZengHryhorii Skovoroda University in PereiaslavЕкономічний вісник університету2306-546X2414-37742022-09-0154232910.31470/2306-546X-2022-54-23-29896Application of innovative factors to increase labor productivityVitaliy Chaban0Galina Chaban1Kyiv National Economic University named after Vadym HetmanHryhoriy Skovoroda University in PereiaslavThe relevance of the research topic lies in the fact that increasing labor productivity is an urgent task for all levels of the economy. Labor productivity is the basis of long-term economic growth and competitiveness. Ukraine has the potential to solve the problem of increasing labor productivity, using innovative factors to increase it. To this end, the country studies and analyzes the works of scientists, practical experience, natural potential and other opportunities to increase labor productivity. Formulation of the problem. Although there are many areas of application of innovative factors for increasing labor productivity, it is required, first, to find new and improve existing ways to increase labor productivity. Therefore, a high level of labor productivity is the main condition for the effective functioning of an enterprise in market conditions, since this indicator is one of the main factors of competitiveness, which means an increase in the standard of living. Only by choosing an innovative way of development of the enterprise, it is possible to achieve the set goals. Therefore, the issue of using the innovation factor to increase the productivity of the enterprise is relevant. Analysis of recent research and publications. Research on related issues with increasing productivity and factors influencing it. Many domestic and foreign scientists, in particular: Z. Varnaly, D. Goddess, O. Grishnova, A. Revenko, E. Kuchina, L. Fulakova, B. Crepon, E. Duguet, L. Klomp, A. Manual and others. At the same time, the problem has not been fully studied, especially with the direction of using innovations to increase labor productivity in business. The purpose of this article is to give practical recommendations on the use of innovative factors to increase labor productivity. To achieve the goals set, it is necessary to solve the following tasks: to demonstrate the socio-economic significance of increasing labor productivity in modern conditions; clarify the classification of labor productivity growth factors and highlight the innovative component, determine the place of innovation in the system of labor productivity increase factors; characterize the impact of innovative factors on labor productivity; suggest possible ways of using innovations to increase labor productivity. The object of research is the process of increasing labor productivity in enterprises. The subject of the research is the study of theoretical and practical issues about the impact of innovations on the growth of labor productivity. Application area. The results of this study can be applied at Ukrainian enterprises to solve the problem of applying innovative factors to increase labor productivity at the enterprise, as well as in the initial process of teaching the discipline "Labor Economics and Socio-Economic Relations", "Personnel Management", "Innovative Development of Enterprises". Conclusions in accordance with the article. This study leads us to the conclusion that the problem of increasing labor productivity is currently emerging. It is especially important for Ukraine as it is in the process of economic transformation. Our country is facing serious problems: increased pressure from international competitors, dependence on the export of raw materials and world valuables, low living standards for the majority of the population, etc.https://economic-bulletin.com/index.php/journal/article/view/896effective activityinnovative activityinnovationslabor productivity
spellingShingle Vitaliy Chaban
Galina Chaban
Application of innovative factors to increase labor productivity
Економічний вісник університету
effective activity
innovative activity
innovations
labor productivity
title Application of innovative factors to increase labor productivity
title_full Application of innovative factors to increase labor productivity
title_fullStr Application of innovative factors to increase labor productivity
title_full_unstemmed Application of innovative factors to increase labor productivity
title_short Application of innovative factors to increase labor productivity
title_sort application of innovative factors to increase labor productivity
topic effective activity
innovative activity
innovations
labor productivity
url https://economic-bulletin.com/index.php/journal/article/view/896
work_keys_str_mv AT vitaliychaban applicationofinnovativefactorstoincreaselaborproductivity
AT galinachaban applicationofinnovativefactorstoincreaselaborproductivity