Financial support for the competitiveness of employees in the mining industry

¹ Ivano-Frankovsk National Technical University of Oil and Gas, Entrepreneurship and Marketing Department, 1, Chopin str., Ivano-Frankivsk, 76000 Ukraine
² V. N. Karazin Kharkiv National University, International Economic Relations and Tourism Business Department, 4, Freedom Sq., Kharkiv, 61022 Ukraine
³ Vasyl Stefanyk Precarpathian National University, Teacher’s Training Department, 57, Shevchenko str., Ivano-Frankivsk, 76000, Ukraine
⁴ Vasyl Stefanyk Precarpathian National University, Department of Finance, 57, Shevchenko str., Ivano-Frankivsk, 76000, Ukraine

^* Corresponding author: perevozova@ukr.net

Abstract

The development of a socially oriented market economy in Ukraine, the effective implementation of reforms in this direction and the improvement of the well-being of the population is not possible without qualitative financial support for the competitiveness of workers, above all, in the mining industry. However, the absence of effective levers of influence on the organization of high-tech production in this area, its considerable intensiveness of material and energy, and its complexity and harm have negatively affected the labor motivation of miners and the profitability of mining enterprises. Therefore, the urgent issues at the current stage of development of Ukraine's mining industry are determining the conditions and opportunities for increasing the competitiveness of employees in this industry. Scientific novelty of the results is to identify, substantiate and analyze the main stages of financial support for the competitiveness of workers in the mining industry under the conditions of a changing vector of the country’s foreign economic policy and of market for products of this industry. The obtained results of the research are the basis to both the study and practical solution of the problem of how to increase the competitiveness of miners in enterprises under various forms of management. This approach involves not only a high level of material incentives for highly qualified specialists in mining, but also a comprehensive development of personnel potential in this industry as a whole.