Georgian Labour Market during the Coronavirus Pandemic

Abstract

Research background: The paper analyzes and assesses the current situation in the Georgian labor market in the conditions of the pandemic. The article discusses the current, post pandemic state of the labour market in Georgia and the outcomes, impacts of Covid-19 on socio-economic situation.Purpose of the article: According to the present situation, it is necessary to create institutions and mechanisms that will ultimately provide the public as well as private sectors with highly qualified workforce, increase the efficiency of organizations and at the same time reduce unemployment. Since the progress of the labour market hinges crucially on higher education systems, it is necessary for educational organizations to take decisions and specific actions in accordance with the challenges of the global environment. One of the main priorities of the “Georgia 2020” strategy is the development of human capital.Methods: In the article the above-mentioned issues are discussed based on the statistical analysis which describes the challenges in almost every direction. There are revealed the results of the Coronavirus Pandemic. It is very interesting to picture the comparison between the previous and post pandemic situation in Georgia.Findings & Value added: It is necessary to prepare training courses and specialists according to the current requirements of the labour market. Moreover, specific steps and recommendations are given in the article which are needed to be taken into consideration by the Government of Georgia.