Employment recovery policy in the post-pandemic period: the international context

Abstract

The shocking consequences of the COVID-19 pandemic have exacerbated the need to ensure the resilience of societies in the face of new epidemiological challenges. An integral element of the resilience system is the efficiency, balance and sustainability of national labor markets and the employment sector as a whole, which has had a devastating effect on the “coronavirus”. The purpose of the study is to identify global post-pandemic destructions in the field of employment, determine the main ways and factors of its recovery, as well as the resource potential of international management structures necessary to accelerate this process. Used statistical and analytical approaches, as well as methods of systemic, comparative and graphical analysis. Analyzed modern international approaches to the formation of employment recovery policy aimed at overcoming the negative consequences of the COVID-19 pandemic for the world of work, public welfare and social justice. The resource potential of new UN and ILO initiatives to stabilize employment and accelerate the pace of its recovery on a global scale has been revealed. The key factors of the global dynamics of employment recovery have been identified, including: anti-malignant vaccination; fiscal stimulus; labor productivity; work migration; the level of development of national social protection systems and labor market institutions, digitalization, as well as involvement of countries in integration processes. The results of the study prove that in the formation of modern state policy aimed at accelerating the post-pandemic recovery of the economy and society, the key factors of employment recovery, as well as the corresponding strategic initiatives of international institutions, should be taken into account.