Demography, workforce economy, social and economic policy

Labour productivity management: factors of growth, the role of social and labour monitoring

Economic Annals-XXI

Economic Annals-ХХI: Volume 180, Issue 11-12, Pages: 173-182

Citation information:
Vertakova, Yu., Maltseva, I., & Shulgina, Yu. (2019). Labour productivity management: factors of growth, the role of social and labour monitoring. Economic Annals-XXI, 180(11-12), 173-182. doi: https://doi.org/10.21003/ea.V180-19

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Yuliya Vertakova
D. Sc. (Economics),
Professor,
Head of the Department of Regional Economy and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
vertakova7@yandex.ru
ORCID ID: https://orcid.org/0000-0002-1685-2625

Irina Maltseva
PhD (Economics),
Associate Professor of the Department of Regional Economy and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
irina-fedorovna@inbox.ru
ORCID ID: https://orcid.org/0000-0002-8396-6657

Yuliya Shulgina
PhD Student (Economics),
Department of Regional Economy and Management,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
jvl@inbox.ru
ORCID ID: https://orcid.org/0000-0003-2208-3698

Labour productivity management: factors of growth, the role of social and labour monitoring

Abstract. Labour productivity is among conventional tools of sustainable development and a subject of modern research in economic and social sciences. Systematic work to stimulate its growth is carried out through the centres of competence and labour productivity growth created in a number of countries (the overview of which is given in our paper). At the same time, recent research works frequently highlight the importance of social factors of growth along with technical ones. Attention is paid to the introduction of lean production practices and programmes for organizational culture transformation.

Estimation of labour productivity faces a number of difficulties at both macro and micro levels. They are investigated and addressed in the current paper.

The main purpose of the paper is to identify factors having the greatest impact on the level of labour productivity and the way of their estimation in different countries on the basis of a comparative analysis of their labour productivity management and monitoring policies.

As a part of the study, we conducted a comparative analysis of Russia and a number of foreign countries in terms of labour productivity (namely, USA, G7, European Union-28, Japan, and China). The dynamics of GDP per hour worked and GDP per employee as the indicators of labour productivity for our comparison has been used. It is calculated that labour productivity in Russia is about 2 times lower than in the developed countries.

Models that allow different countries of the world to achieve a high level of labour productivity have been singled out based on the conducted research

It is concluded that with regard to the Russian national mentality, a rational model of labour relations should be based on three unified systems: the tariff, the resultant, and the profit-sharing one.

Keywords: Labour Productivity; Social and Labour Monitoring; Management; Economic Development; Factors Of Growth

JEL Classification: O1; О4; J24

Acknowledgements and Funding: This article was prepared with the support of the grant from the President of the Russian Federation on state support of leading scientific schools of the Russian Federation No. NSh-2702.2020.6 «Conceptual foundations of a new paradigm of economic development in the era of technological and social transformation» (2020).

Contribution: Each author contributed equally to the research.

DOI: https://doi.org/10.21003/ea.V180-19

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Received 4.10.2019
Received in revised form 23.10.2019
Accepted 25.10.2019
Available online 30.12.2019

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