Ensuring Employment Stability: Problems and Prospects

Abstract

This article explores the current challenges and future prospects of ensuring job stability in the labor market. It highlights how job security not only affects household income levels but also plays a crucial role in sustainable economic development and poverty reduction. The study underscores how recent economic shifts – particularly the digital transformation, changing labor patterns, and the post-pandemic environment – have led to the emergence of new employment formats and affected traditional job stability. Through a survey of 160 employers, the article analyzes the key factors behind job reductions, such as unstable income, rising competition, and financial constraints. At the same time, it identifies drivers of job retention, including stable demand for goods/services, access to raw materials, and business training. Employers’ opinions on improving employment levels include improving the business environment and conducting professional training, especially in the regions. The study concludes that fostering job stability requires multi-faceted strategies, such as developing long-term national programs, incentivizing stable job creation, and enhancing employers’ access to training and investment. Overall, this research contributes valuable insights into the dynamic relationship between employers’ strategies and labor market stability, offering policy suggestions for sustainable employment growth in a transforming economy.