EMPLOYMENT TRENDS AND GROWTH CHALLENGES IN THE SLOVAK REPUBLIC
Karol Trnovský
Pages: 198-204
Published: 3 Nov 2024
DOI: 10.62991/EB1996505115
Views: 96
Downloads: 11
Abstract: The Slovak labor market faces challenges similar to those in other EU countries. Increasing the participation of inhabitants in the employment rate is crucial in the fight against poverty. A fundamental assumption for employment growth is economic growth, largely stimulated by domestic demand. In recent years, the global crisis has significantly impacted the economic system, affecting global labor markets by causing cost reductions, wage freezes, worker layoffs, and a reduction in employment rates. Addressing employment rate issues requires the development of active labor market policies.
Keywords: wages freeze, flexicurity, active social policy, employment
Cite this article: Karol Trnovský. EMPLOYMENT TRENDS AND GROWTH CHALLENGES IN THE SLOVAK REPUBLIC. Journal of International Scientific Publications: Economy & Business 18, 198-204 (2024). https://doi.org/10.62991/EB1996505115
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