THE ROLE OF COMPANIES AND GOVERNMENT PROGRAMS IN THE DEVELOPMENT OF LABOR RESOURCES AND SOCIAL RESPONSIBILITY

Zh. A. Adambekova, N. T. Adambekov, N. Amankeldy

2024

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DOI 10.52821/2789-4401-2024-4-110-121
Data confidence 70 medium
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Abstract

Purpose. This research investigates the role of labor resources in the sustainable development of the West Kazakhstan Region (WKR), focusing on the impact of social responsibility initiatives on regional economic stability and growth. The study seeks to elucidate the contributions of major enterprises and state programs to labor market dynamics and regional development. Methodology. The research employs a quantitative approach, analyzing demographic data, labor market statistics, and corporate social responsibility (CSR) initiatives through statistical reports, surveys, interviews from open sources, and document analysis. The study also utilizes data from platforms like hh.kz to assess job vacancies and employment trends within the region. Originality / value of the research. This study offers a comprehensive analysis of the connection between labor resources and social responsibility in fostering regional development in Kazakhstan, a topic less explored in existing literature. By focusing on WKO, the research highlights specific regional challenges and responses, contributing to new insights into the effective management of labor resources in transitional economies. The Findings reveal that WKR exhibits a stable economic condition with a labor force participation rate of 69.8 % and an unemployment rate of 4.9 % despite this stability, the region faces a shortage of qualified specialists. CSR initiatives by major enterprises like North Caspian Operating Company N.V. and KazMunayGas (KMG) subsidiaries have positively impacted social infrastructure and employment rates. The study underscores the necessity of ongoing social projects, enhanced support for young specialists, and improved worker qualifications to sustain economic growth and reduce unemployment in the region.