Labour Relations Digitization and its Impact on Labour Productivity and Value of Companies
Rapid digital technologies developments along with their growing potential influence every aspect of modern life. The transition to digital economy changes labour market significantly. Together with information technologies spread, digital skills are becoming very important for employers. We anticipate large scale transformation in the requirements to specialists as many new jobs and operations can become automated in near future. Big data analysis is becoming a key competence for competitive advantages of companies. Successful implementing of national program “Digital economy of the Russian Federation” has become one of the national goals, project management being its basis. The subject of the research is the activity of companies that implement digitization into their practice of labour relations. The purpose of the work is to examine the impact of digitization of labour relations on the activity efficiency and value of Russian and foreign companies. It is concluded in the article that, taking into account fast growth of all market participants, interest to digital technologies as well as growing investments into the sphere all over the world digitization of labour relations has started to greatly influence both companies’ effectiveness and their value, which is manifested in cost optimizing by back office employees and sales rise by front office employees and leads to further increase of economic efficiency including monetary flow and reduction of risks that is reflected in discount rate decrease.