Assessment of the Economic Effect from the Implementation of Labour Protection Measures at Enterprises

Abstract

Labour protection at an enterprise is defined by most economists as a system that greatly expands the ability of enterprises to achieve operational results. Moreover, the role of labour protection as a factor that can intensify production is determined in such a way only in countries with a market economy. The relevance of the study is determined by the possibilities of positioning labour protection as a factor that increases the value of manufactured products, including for countries with economies in transition. The purpose of the study is determined by the need to develop models that make it possible to assess the economic effect of the measures being introduced at enterprises of both the industrial and consulting sectors. The research methods are analytical and methods of modelling economic structures. The study determined that the cost of occupational injuries and occupational diseases, together with the cost-effectiveness of labour protection measures, are an important incentive for employers to take these measures. They were found to be particularly interested in whether the investment in the programme is cost-effective (the effect gives a good return on investment) or economically viable (the financial benefits are favourable). The authors demonstrate that most of the published intervention studies so far have focused on the effectiveness of interventions as opposed to their cost-effectiveness. Allocation of the developed methodological structure makes it possible to determine, this time by quantitative characteristics, the possibilities for structuring and achieving the goals set for the enterprise by the shareholders and production plans. The study defines the limits of using the interests of labour protection as a social structure in combination with the use of production planning methods. Further high-quality research is required to conduct a full economic assessment to be capable of drawing further conclusions regarding the cost-effectiveness of occupational safety measures from an employer's standpoint

Socio-economic factors in labour market regulation

“…Because of this, it is difficult for the poorly educated part of the population to find any kind of job. A population with appropriate qualifications and education has a better chance of employment (Biybosunova and Asanbekova, 2016;Slovska, 2020;Polukarov et al, 2021). Other features of the labour market include wages.…”