IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-15495-0_27.html
   My bibliography  Save this book chapter

Leading the Labour Market by the Laws of Supply and Demand

In: Sustainable Leadership for Entrepreneurs and Academics

Author

Listed:
  • Galina Petrova

    (Plekhanov Russian University of Economics)

  • Elena Posadneva

    (Plekhanov Russian University of Economics)

  • Tatiana Morozova

    (Plekhanov Russian University of Economics)

Abstract

Our paper aimed at revealing and pinpointing the fact that labour market is guided and led by the laws of supply and demand. Moreover, it postulates on a quite obvious fact that the relationship between employers and employees is correlated with the relationship among consumers and producers. Consequently, there is a contract system in any organization or a business company that represents a written obligatory document binding by law which exposes the relationship among an employee and her or his employer. We show that a well-balanced and a healthy labour market is based on thorough and transparent competition as well as on the good and symbiotic relationships between the employer and employee. Human Resource Management (HRM) represents a leading tool in balancing these relationships and creating a win-win situation for both parties of this contract. Our results might be helpful for HRM specialists, business owners as well as state officials and stakeholders who seek to establish sound labour market rules and regulations in order to enhance social cohesion, wealth, well-being and economic development.

Suggested Citation

  • Galina Petrova & Elena Posadneva & Tatiana Morozova, 2019. "Leading the Labour Market by the Laws of Supply and Demand," Springer Proceedings in Business and Economics, in: Wadim Strielkowski (ed.), Sustainable Leadership for Entrepreneurs and Academics, pages 263-271, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-15495-0_27
    DOI: 10.1007/978-3-030-15495-0_27
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roman P. Bulyga & Alexey A. Sitnov & Liudmila V. Kashirskaya & Irina V. Safonova, 2020. "Transparency of credit institutions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3158-3172, June.
    2. Liudmila Ivanovna Khoruzhy & Malvina Rasulovna Karabasheva & Hafis Ahmed oglu Hajiyev & Natalia Nikolaevna Zhadobina & Natalia Andreevna Alekhina & Rustem Adamovich Shichiyakh, 2020. "Controlled foreign companies: influence on the sovereignty of the national tax base," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 33-50, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-15495-0_27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.