IMPACT OF DİGİTAL TRANSFORMATİON ON THE LABOR MARKET: A REVİEW
NURULLAYEV JAVIDAN
Faculty of Business Administration, ADA University, Baku, Azerbaijan.
BABAYEV HIKMAT *
Faculty of MBA, UNEC, Baku, Azerbaijan.
*Author to whom correspondence should be addressed.
Abstract
The formation of the digital economy puts on the agenda the issue of training personnel with new competencies and qualifications that meet its challenges and requests. The paper deals with the transformation of the labor market and labor relations under the influence of the fourth industrial revolution. The problems that the labor market will face in the context of the digitalization of the economy have been studied. The factors influencing the dynamics of unemployment are revealed. The processes of changing the relationship between workers and employers in connection with the expansion of the scale of the digital economy are analyzed.
Keywords: Digital transformation, business model, labor market, economy