Influence of the minimum salary level increase on the business entities activity in the context of the transition to the sustainable development

Abstract

In the context of transition to the sustainable development actually justified and economically balanced managerial decisions are worth to be introduced into activity of the business entities. First of all, it is connected with the formation of the social standards by the Ukrainian government. Establishment of the minimum salary for the employees of the national economic complex of the country is one of the main components of these standards. This indicator influences both the increase of the population’s social welfare provision level and on the economy of the economic entities, including business representatives. Research was conducted in Ukraine. The main trends of the social welfare provision of the business sector entities, including the experience of Hungary and Russia, were analyzed in this article. The main rules of the effective social welfare provision, accounting the necessities of the business environment, were formed. Economical analysis of the retrospective and predictive information about the payroll payment and payment of social contributions was made. The influence of the increase of the minimum salary on the activity of business entities, taking into account raised minimum salary, was analyzed. The regressive model of the payroll budget dependence, accounting minimum salary and social contributions’ level increase, was designed. Obtained calculation results showed high level of tax burden on the business sector entities, so, organization-economic measures of tax burden decrease on the business entities were offered. They took into account minimum salary growth for their employees in the context of the transition to the sustainable development. Recommendations concerning the further scientific researches on the topic of the article were offered.

Institutional development gap in the social sector: Cross-country analysis

“…Three measures of sustainable development were taken into account by GDP per capita for the economic measure, the Human Development Index for the social measure, and World Governance Indicators analyze the environmental quality for the ecological measure, the institutional quality of countries. Institutional aspects to ensure an adequate level of remuneration in the context of achieving sustainable development were studied by Melnyk et al, (2017). Vargas-Hernández et al, (2018) analyzed institutional capital and environmentally sustainable development under NAFTA.…”

Logistics potential to ensure the resilience of the Ukrainian economic system facing global challenges

“…In particular, Walker (2020) considers resilience as the ability of an ecosystem, business, or society to overcome shocks and continue to function in approximately the same way. Melnyk et al (2023a) study resilience as the ability of the socio-economic system to recover and reorient after the impact of external global shocks and challenges. The driving force of this recovery and reorientation are internal adaptive drivers, that is, mechanisms built into the system that catalyze impulses for protection, renewal, and structural transformations.…”

Research of Green Innovation of Companies of Countries with Different Levels of Technological Development of Production

“…The scientist Sineviciene L. et al [3] studied the economic costs in the economic and innovative work of companies in countries with a transition economy and the third technological system of production, which is important in the construction of effective monitoring of green innovations. Scientist Dimitrova V. et al [4] investigated the personnel aspects of the implementation of green innovations at machine-building companies of a country with a transition economy, which produced ecologically oriented products for hydroelectric power plants, which makes it possible to understand the personnel aspects in the management of green innovations.…”

“…Partnerships for the goals) at the same value of the indicators, the benchmark for determining the ranks of the indicators was the assessment of the level of technological development of countries (Score) according to the source [37]. The following stages (3)(4)(5)(6)(7)(8) are related to the assessment of the level of green innovation potential of companies in countries of the world with different levels of technological development of production. The results of this assessment are shown in Table 3.…”