Labor Economics in the Enterprise

Labor is a conscious and expedientactivities that are used in production, as well as in the sale of goods and services. Any work that is performed by professionals is a work. This is the basic condition under which society exists and develops.

The labor economy is realized in the labor force -mental and physical abilities of people. In the conditions of the market, labor is the capital that is sold to the owner. Therefore, labor in this case acts as a commodity.

The labor market is the most important of the entire resource market.Like any other, it forms a supply and demand. People create a proposal that expresses the desire of economically active people to sell their labor for some price and for a certain period of time.

The demand for labor is the amount of labor that can be sold at any price.

The labor economy is an industry that considers the interaction of workers, means of labor, as well as the processes of reproduction, labor productivity.

The output is the amount of goods that is produced by the employee per unit of time. The more productive the process, the more the product is produced, the less labor is required.

The labor economy is that hiringemployee is compared in the organization with additional income, which can be obtained by the emergence of a new workforce. As long as this income is more than labor costs, hiring new employees is beneficial. But it should be remembered that the demand for labor must have its limit, so that the enterprise does not incur losses.

The labor economy includes wagesworkers, investments in human capital, etc. Employees are paid for their work. Its value depends on the tariff rate per unit of time. But there are several types of wages, where this rate takes various forms.

Expenses related to the increasequalifications of employees and increase in labor productivity, represent investments in human capital. They come in three forms - employee education, health care costs (disease prevention, care in medical institutions) and mobility costs.

As for the health of employees, it is very importantlabor safety economics. It is a means of preserving the health and life of workers in the enterprise while they are in the process of working. Employees must be instructed in labor protection. Each of them should know what to do in this or that emergency, which can happen in production.

In modern market conditions for enterprisescharacterized by innovative management of human resources. The labor economy in this case is connected with the transition of production to technological execution, which requires highly skilled workers. They should be able to make a decision, and also ensure high output and quality of work.