Issue №: 4 (58)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
OPPORTUNITIES OF TELEWORK AND ITS IMPACT ON THE ECONOMY
Jekabsone Sandra – Doctor of Economics, Professor, Faculty of Business, Management and Economics, University of Latvia (Rіga, LV-1050,
5, Aspazijas bulvaris, room 330, e-mail: sandra.jekabsone@lu.lv).
Skribane Irina – Analyst of the Ministry of Economics of Latvia, Master of Economics, Lecturer, Faculty of Business, Management and Economics, University of Latvia (Rіga, LV-1050, 5, Aspazijas bulvaris, room 331, e-mail: irina.skribane@lu.lv).
Sproge Ilze – Doctor of Public Management, Associate Professor of the Department of Corporate Finance and Economics, Faculty of Engineering Economics and Management, Riga Technical University (Riga, LV-1048, 6, Kalnciema Str., room 312, e-mail:ilze.sproge@rtu.lv).
The transformation of the labour market towards more flexible work conditions took place long before the Covid-19 pandemic. In 2019, in the EU Member States, on average, 14.4% of the total number of employees fully or partially (sometimes) worked remotely. One of the main factors explaining the different prevalence of teleworking in EU countries is the differences in the structure of economic sectors. In countries, where the share of employees in high-tech and science-intensive sectors is higher, teleworking is also more prevalent. Teleworking can increase workers’ productivity, reduce costs (such as transport), but it can also increase income uncertainty and can lead to an uneven workload, as well as leading to changes in labor demand and supply across sectors, occupational groups, and regions. Too much teleworking can reduce employee
efficiency and long-term productivity gains, therfore the challenge for the future is to find the optimal balance between teleworking and «traditional» work.
The article deals with the assessments of the trends in the development of remote work in the EU and Latvia, the factors contributing and limiting its spread, as well as the impact of teleworking on the economy. It was investigated the nature of teleworking, its varieties and dynamics during the last decade, the impact of teleworking on productivity (worker efficiency) etc. As a result of the analysis, the advantages and disadvantages of teleworking for employers, employees and the state were identified, as well as the most important problems of teleworking and policies to improve the situation were described. It has been concluded that one of the main policies should be to enhance digital knowledgeability and skills in society as a whole, with particular emphasis on certain target groups (e.g., the seniors, people with disabilities, etc.). The lack of social support infrastructure for employees, such as childcare facilities, is another challenge for increasing teleworking, especially among women.
1. Barānovs, O., Salmiņš, J., & Skribāne, I. (2021). Impact of teleworking on productivity and structural changes. Retrieved from: https://doi.org/10.22364/ltpepii.09 [in Latvian].
2. Bloom, N. (2020). How working from home works out. Stanford Institute for Economic Policy Research (SIEPR). siepr.stanford.edu. Retrieved from: https://siepr.stanford.edu/research/publications/how-working-home-works-out [in English].
3. Brie, W.R. (2020). What Is a Remote Job? FlexJobs. flexjobs.com. Retrieved from: https://www.flexjobs.com/blog/post/what-is-a-remote-job [in English].
4. Buceniece, A. (2020). Working from home during a pandemic, productivity declines. swedbank-research.com. Retrieved from: https://www.swedbank-research.com/latvian/swedbankpetijumi/2020/20-12-18/_attlintais_darbs/index.csp [in Latvian].
5. CSB (2020). Number of Teleworkers. www.csp.gov.lv. Retrieved from: https://www.csb.gov.lv/en/statistics/covid19/Employees-working-remotely [in English].
6. Employers’ Confederation of Latvia (2021). On teleworking and social dialogue – conclusions from the international conference of social partners. lddk.lv. Retrieved from: https://lddk.lv/en/aktualitate/news-en/telework/ [in English].
7. Eurofound (2020). Living, working and COVID-19 dataset, Dublin. eurofound.europa.eu. Retrieved from: http://eurofound.link/covid19data [in English].
8. Eurostat (2021). ec.europa.eu. Retrieved from: https://ec.europa.eu/eurostat/data/database [in English].
9. Guatieri, S. (2020). Will RemoteWork Change the Economy Remotely? economics.bmo.com. Retrieved from: https://economics.bmo.com/en/publications/detail/ e5e9ccfa-a20d-4a58-b703-9a3f5bde6d00/ [in English].
10. ILO (2020). An employers’ guide on working from home in response to the outbreak of COVID-19. ilo.org/global/lang--en. Retrieved from: https://www.ilo.org/actemp/publications/WCMS_745024/lang--en/index.htm [in English].
11. Meunier, J. (2020). Remote Work: the Future of Work. allwork.space. Retrieved from: https://allwork.space/2020/09/what-does-working-remotely-mean/ [in English].
12. Neiman, B. (2020). What a way to make a living. Covid-19 has forded a radical shift in working habits. economist.com. Retrieved from: https://www.economist.com/briefing/2020/09/12/covid-19-has-forced-a-radical-shift-in-working-habits [in English].
13. OECD (2020). Productivity gains from teleworking in the post COVID-19 era: How can public policies make it happen? oecd.org. Retrieved from: https://read.oecd-ilibrary.org/view/?ref=135_135250-u15liwp4jd&title=Productivity-gains-from-teleworking-in-the-post-COVID-19-era [in English].
14. The Labor Protection Law (2001). likumi.lv. Retreved from: https://likumi.lv/ta/id/26020-darba-aizsardzibas-likums [in Latvian].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
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The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
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It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
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According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
