Labour Market and Socio-Economic Policy: Features of Mutual Influence

摘要

The concept of labour market and its features are described in the article. The employee life cycle in this article is considered in the context, that an employee is a subject of the labor market and includes three main stages: reproduction, distribution and using. The structural scheme of labour market functioning is constructed. This scheme represents a new view on labour market structural composition and includes employees and employers as the most interested subjects and infrastructure. The labour market infrastructure includes Reproduction, Regulation and Providing subsystems. The Reproduction subsystem responds for formation and development of employees' professional knowledge and skills. The Regulation subsystem responds for creation and realization of normative-legal acts. The Providing subsystem responds for implementation mediating function between an employee and an employer by providing information about vacancies and applicants. The necessity of state regulation of the labor market by means of socio-economic policy measures is revealed.