Wages in the industrial sector of Europe

Abstract

Introduction. In the difficult conditions of the war and related destruction, the most enterprises faced the problem of regulating relations in the team and the correct organization of remuneration.

Problem. Uncertainty regarding the duration of active hostilities only complicates the situation in the industrial sector, increasing the complex of pre-war problems caused by destructive economic processes. In this aspect, the search for ways and directions to ensure active industrial development of the country in the period of post-war recovery acquires particular importance.

The aim of the study is to compare the wage indicators and their influence on the development of the industrial sector of certain European countries and Ukraine.

Methods. Methods of statistical and comparative analysis; synthesis and logical generalization are applied. 

Results. A comparative analysis of key indicators of the development of the industrial sector of Ukraine and individual countries of the European Union was carried out. The place of the Ukrainian industrial sector among the studied list of countries is determined – its key advantages and disadvantages. The need to increase the personnel potential of the domestic industrial sector by increasing the level of wages as a key component of its post-war recon­struction is substantiated.

Conclusions. The conducted analysis made it possible to compare the values of individual indicators of remuneration and the use of personnel potential of the processing industry in the studied countries of the European Economic Area and to determine the groups to which Ukrainian indicators belong. It was determined that Ukraine is an outsider in terms of wages, while the countries with the highest level of personnel wage costs are characterized by the highest volumes of industrial production and exports of processing industry products. Therefore, today it is worth revising the applied approaches to payment of labour in the context of increasing the personnel potential of industrial enterprises of Ukraine in a strategic perspective.