Author(s): Svitlana Tsymbaliuk / Language(s): English
Publication Year: 0
The research objective is to prove the trends that concern labour sphere and social and labor relations under the conditions of the knowledge economy formation, their impact on the compensation policy, and to outline the main directions of the compensation policy development under the conditions of the labor intellectualization. An analysis of the current trends in the economy and society has showed that under the conditions of the knowledge economy formation the nature and content of the work have changed, the social and labor relations have become transformed. It has been highlighted trends in the labor sphere and social and labor relations: labor intellectualization, automatization and computerization, innovative component of labor activity, flexibility, labor virtual component, demand for “cross functional” employees are increasing, individualization of social and labor relations is growing, emphasis in management from human resources management to talent management is changing. It has been determined that the transformations of labor sphere and social and labor relations dictate the need to attract and retain competent, talented, innovationoriented employees, establish socially responsible attitude to work and its results, determine change in the compensation policy. New directions for development of policy of staff remuneration have been proved that include the individualization of labor reward, the development fair, transparent compensation models of labor remuneration, the provision of meaningful, structurally well-balanced, decent compensation packages in accordance with the dominant employees’ needs and the market price of labor, the employees’ contribution into the business results.
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