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Evolution of the Labor Market: Challenges of the Millennial Generation

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Digital Economy and the New Labor Market: Jobs, Competences and Innovative HR Technologies (IPM 2020)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 161))

Abstract

The research purpose is to analyze changes in the labor market based on the needs and values of a new generation of young professionals. The authors consider the theory of generations, changes in the interaction between employers and candidates related to the development of digital technologies, open communications, the application of flexible schedules and remote work. The results of sociological surveys of professional aspirations, career preferences and expectations of millennials are summarized. The list of bonuses provided by Russian companies in addition to wages is formed. The most popular compensations are marked. Priority factors have been established for Russian young professionals when choosing an employer company. It is revealed that opportunities for professional development, participation in innovative projects, flexible working hours that allow combining work and private life (work-life-balance) are more relevant for young people than monetary values and the capital accumulation. An overview of the indicators of a successful career. It is noted that most young people are ready to invest in the own additional professional education, participate in international projects and internships. The issues of attracting young and talented candidates are considered in this paper too.

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Author information

Authors and Affiliations

  1. State University of Management, Moscow, Russia

    T. V. Suvalova & A. V. Troitskiy

  2. Buketov Karaganda State University, Karaganda, Republic of Kazakhstan

    G. Sh. Zhaxybayeva

Authors
  1. T. V. Suvalova
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  2. A. V. Troitskiy
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  3. G. Sh. Zhaxybayeva
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Correspondence to T. V. Suvalova .

Editor information

Editors and Affiliations

  1. Applied Management Department, Samara State University of Economics, Samara, Russia

    Svetlana Igorevna Ashmarina

  2. Department of Applied Management, Samara State University of Economics, Samara, Russia

    Valentina Vyacheslavovna Mantulenko

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Suvalova, T.V., Troitskiy, A.V., Zhaxybayeva, G.S. (2021). Evolution of the Labor Market: Challenges of the Millennial Generation. In: Ashmarina, S.I., Mantulenko, V.V. (eds) Digital Economy and the New Labor Market: Jobs, Competences and Innovative HR Technologies. IPM 2020. Lecture Notes in Networks and Systems, vol 161. Springer, Cham. https://doi.org/10.1007/978-3-030-60926-9_11

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  • DOI: https://doi.org/10.1007/978-3-030-60926-9_11

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-60925-2

  • Online ISBN: 978-3-030-60926-9

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