UkrainianProfessional Education

Abstract

The article examines the essence and significance of state regulation of wages as an important tool in the field of social and economic policy. It is noted that state intervention is aimed at ensuring fairness, stability and efficiency in the labor market. The purpose of the article is to generalize the results of research and formalize the theoretical foundations of state regulation of the organization of labor remuneration, taking into account the specifics of today's challenges and trends in the development of economic conditions. The research method is a theoretical and logical substantiation of the mechanism of state regulation of labor remuneration as a complete system aimed at ensuring justice, stability and efficiency in the field of labor. The main purpose of the functioning of the mechanism is defined as the creation of fair, efficient and sustainable conditions of remuneration, which ensure a decent standard of living for employees, contribute to social justice and the development of the labor market. The main principles (social justice, equality and protection; transparency and comparability; stimulation of productivity; flexibility and adaptability; democracy), functions (establishment of the minimum wage, protection of workers' rights, regulation of tax and social contribution systems, stimulation of the development of industries and markets, monitoring and analysis of the labor market, ensuring equal payment conditions for employees, improving social protection systems, forming effective labor standards) and the goals of state regulation, as well as its importance in ensuring decent wages and social justice. The importance of continuous improvement of the system to meet changes in society and economy is emphasized. The advantages of partnership regulation, where the state cooperates with employers and trade unions to achieve common goals, are analyzed. The conclusion indicates that state regulation of wages is necessary to support sustainable development and ensure fair and cost-effective conditions in the labor market

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