SHS Web Conf.
Volume 132, 2022Innovative Economic Symposium 2021 – New Trends in Business and Corporate Finance in COVID-19 Era (IES2021)
|Number of page(s)||11|
|Section||New Trends in Business and Corporate Finance in COVID-19 Era|
|Published online||05 January 2022|
Czech companies will have to deal with import of labour
1 University of Žilina, The Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitná 8215/1, 010 26 Žilina, Slovakia
2 Institute of Technology and Business in České Budějovice, School of Expertness and Valuation, Okružní 517/10, 370 01 České Budějovice, Czech Republic
* Corresponding author: firstname.lastname@example.org
Labour market or supply and demand for labour is determined by how individuals demand work (supply) and how the offer of jobs is from the side of companies (demand). This is a very important issue, as it is a part of the main factor markets. The data on labour market are used for analysing the movement of labour market. Thanks to this, it is possible to forecast its approximate development. The basic source are data from the database of the Ministry of Labour and Social Affairs of the Czech Republic. The objective of this paper is to analyse the development of supply and demand for labour in the years 2010-2020 and forecast its development until 2025. The analysis of time series is performed using the method of artificial neural networks, which enables the analysis of the development between 2010 and 2020 and forecasting the further development of supply and demand for labour until the year 2025. The research shows that the development until the year 2025 will not be very favourable. The demand will be much greater than the supply, which means there will be more vacancies than workers. To fill the vacancies and be able to further operate, companies will try to solve this situation by hiring workers from other countries. The results of the paper being submitted may serve for other labour market research.
Key words: labour market / supply and demand for labour / labour market forecasting
© The Authors, published by EDP Sciences, 2021
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