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Realization of the Labor Potential of Employees in the Quality of their Employment and the Standard of Living of Households

Odintsova Еlena V.

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ИНДЕКСЫ СТАТЬИ

DOI: 10.52180/1999-9836_2023_19_1_8_99_111

EDN: RAUMOI

AUTHOR

Elena V. Odintsova

Institute of Economics of the Russian Academy of Sciences, Moscow, Russia.

e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0002-7906-8520

Author ID: 999153

FOR CITATION

Odintsova E.V. Realization of the Labor Potential of Employees in the Quality of their Employment and the Standard of Living of Households. Living Standards of the Population in the Regions of Russia. 2023. Vol. 19. No 1. P. 99–111. DOI 10.52180/1999-9836_2023_19_1_8_99_111 EDN: RAUMOI

ABSTRACT

The article presents the results of a study aimed at identifying the quality of employment of employees and the standard of living of their households conditioned by it, taking into account the labor potential of employees. The study, the object of which are employees of organizations, is based on data from The Russia Longitudinal Monitoring Survey - Higher School of Economics, which were supplemented by official statistics. It is revealed that the level of education and assessment (state) of health, characterizing the labor potential of employees, affect the quality of their employment, determined by the presence and concentration of manifestations of precarious employment and professional and qualification characteristics of employees, and through it – on the standard of living of employees' households, determining the stability (instability) of the financial position on monetary income. It is established that the influence of the level of education on the quality of employment is more pronounced than the influence of health, considered through subjective assessments of employees. It is shown that the realization of the labor potential of employees (level of education) may be accompanied by its underutilization, which carries the risks of its waste and threats to the development of human potential.

Basically, this is typical for employees in less qualified employment who have secondary vocational education and higher education - they have not realized their potential, and the quality of their employment is lower than it could be with their level of education. It is shown that with an increase in the level of education, the risks of increasing manifestations of precarious employment decrease and the chances of more qualified employment increase. Provided, taking into account the realization of labor potential, the quality of employment of employees is reflected in the standard of living of their households. The "accessibility" of a stable financial situation of households in terms of monetary income, as the study showed, is higher for employees with stable employment, which increases with increasing professional and qualification characteristics.

KEYWORDS

employees, labor potential, level of education, health, quality of employment, precarious employment, professional qualification groups, standard of living, stable financial situation, monetary income

INFORMATION ABOUT THE AUTHOR

Elena V. Odintsova

PhD in Economics, Leading Researcher of the Sector of Socio-Economic Research of Quality and Standard of Living at the Institute of Economics of the Russian Academy of Sciences.

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The article was submitted 06.02.2023.

Accepted for publication 27.02.2023.