Prospects for the Development of the Labor Market: Transformation of Basic Competencies in the Digital Era

Abstract

The article is devoted to the study of the digitalization impact on the labor market development in St. Petersburg, with an emphasis on the transformation of requirements for employee qualifications and the employment structure. The main objective of the study is to identify the key factors that determine changes in the labor market in the context of the digital economy, as well as to assess the consequences of these changes for employees and employers. Object of the study: The labor market of St. Petersburg in the context of digital transformation. Subject of the study: The impact of digitalization on the employment structure, demand for professions and requirements for employee qualifications in St. Petersburg. The study used methods of factor analysis, statistical data analysis, as well as linear extrapolation methods to forecast the number of employed and unemployed until 2030. The main data were obtained from official sources, including the platforms “Work of Russia”, “HeadHunter”, and “Superjob”. The study identified the following key findings: digitalization is promoting demand for highly skilled professions in information technology, cybersecurity, and data analytics, while reducing the need for low-skilled workers. The introduction of automation and artificial intelligence is helping replace routine tasks, requiring workers to master new digital skills. Forecasts show a moderate increase in the number of people employed in St. Petersburg until 2030, while the unemployment rate is decreasing, which is associated with the development of high-tech sectors of the economy. The increase in the number of people that are not labor force is associated with demographic changes and changing social preferences of the population. The labor market is facing new challenges, such as increased competition among job seekers and the growth of non-standard forms of employment, which requires the adaptation of employment and education policies. This study emphasizes the importance of strategic planning and adaptation to changes caused by digitalization to ensure sustainable development of the labor market in St. Petersburg.