Academic journal article Business: Theory and Practice

Economic and Legal Aspects of Labor Market Regulations in the Modern Kazakhstan

Academic journal article Business: Theory and Practice

Economic and Legal Aspects of Labor Market Regulations in the Modern Kazakhstan

Article excerpt


In the message of the President of the Republic of Kazakhstan to the nation of Kazakhstan as of December 14, 2012 Strategy "Kazakhstan--2050" New policy of the established state" it was emphasized that everyone in country can find a job if he wishes so, "we establish the Society of the Universal Labor, where unemployed people will not just receive allowance, but learn new trades, where disabled people will be able to be actively engaged and--create decent working conditions for them" (2012).

Reform of the labor relations in the frames of the development trends, determined by N. A. Nazarbayev, pursues the most important goals--to enforce the real protection of working rights of employees, to serve legitimate interests of employers, to increase rate of remuneration and population employment. The labor market became an integral part of any effective system. The human capital, harmonically distributed and efficiently functioning in the labor market, establishes the basis for a stable development of regions and the country as a whole. Kazakhstan has set a course for establishment of the socially oriented state, which is differentiated by the effective industrial growth, its drive for a person and his increasing demands (Nazarbayev 1994). In this context the change occurred over the period from 2010 till 2020 to the Concept of the legal policy of the Republic of Kazakhstan, approved by the Decree of the President of Kazakhstan #858 dated August 24, 2009, the Concept that established that in the market economy conditions the issue of the labor relations was becoming actual (2009).

The aim of the article is to study the economic and legal aspects of the labor market regulations in the modern Kazakhstan.

Tasks specify the aim of the research:

--To determine essence of the concepts "labor market" and "employment";

--To analyze regulative and legislative framework of the labor market regulations and mechanism of the population employment regulations.

1. To review certain indicators used for the employment assessment, as an indicator of the working standards

An overview of the literature

Methodological basis of the research is comprised of the generally recognized abstract and theoretical, logical, statistical methods and assessment. The works of the following scientists are devoted to the labor market study: Bekisheva, G. S. (2013), Dzhumambayev, S. K. (2000), Meldekhanova, M. K. (1999), Shokamanova Y. K. (2005) and others.

Amongst the legal experts the most interesting researches of the different aspects of the labor market in the Republic of Kazakhstan and other countries are the academic works of Dimitrova, S. A. (1998), Zaynalova, D. R. (2012), Nurgalyeva, E. N. (2001), Medvedev, O. M. (1994), Nurmagambetov, A. M. (1998), Golovina, S. Y. (2004), Morozov, P. E. (2012).

Despite of the state of study of the issue, the economic and legal aspects of the labor market in the modern reality of Kazakhstan are not quite studied and require close attention of the scientists that predetermined the writing of this article.

2. Optimal capital structure and its influence

It is appropriate to determine the concept of the "labor market", understood as the system of public relations (including legal), norms and institutions, providing reproduction, exchange and usage of the labor. Such a definition of the labor market presents this category as well as a market form of the labor organization and the population employment. In particular, O. Yu. Mamedova writes that it is necessary to have "availability of the labor markets", goods and capitals, movement of which gives a required impulse to the market economy. The labor market providing optimal employment and continuing education of the modern manpower is of the special importance (Mamedova 2011).

In the market conditions the full employment is considered not as mass employment, but as the employment with an acceptable level of unemployment in the given socio and economic conditions. …

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