labor market

Introduction. Given the high dynamics and stochasticity of demand and its magnitude in modern markets for goods and services, the issue of career guidance at all stages of an employee’s life cycle becomes highly relevant. An efficiently formed and functioning system of vocational guidance will allow you to avoid excessive expenditure of resources by the employee himself, the organization and the national economy as a whole, providing opportunities for increasing productivity. Theoretical analysis. Assessment of labor depends on such characteristics of a person who possesses it, as his intellectual and physical abilities. However, the assessment of the labor market has three aspects that depend on its subjects: employers, workers and governmental bodies. Each of the subjects has their own interests in the labor market and tools for their implementation. However, the analysis shows that the need to develop an effective system of vocational guidance is equally relevant for all subjects. The basis of the formation of this system, as well as the preparation of future specialists, should be based on close interaction between educational institutions and future employers, as well as analysis and forecasting of external trends regarding the labor market environment. Empirical analysis. The Russian labor market is characterized by high dynamics of job creation and liquidation in various industries, and the ratio between the number of jobs created and liquidated in different industries varies. This allows us to make a conclusion about the relevance of the redistribution of part of the released workers to other sectors, which actualizes the issues of vocational orientation and retraining of labor resources. Also for the Russian labor market the following trends can be identified: imbalance of supply and demand; the growing popularity of working professions; the need to continue working with staff available; the increase of employees working at home; the inevitability of increasing the age of employees of enterprises and organizations. Results. The way out of this situation is seen in building a system of preparing young people for the informed choice of a profession based on the formation of a new model of vocational guidance for young people and the development of an integrated strategy for developing the country’s economy’s personnel for several years (at least 5–7 years).