THE EFFECTS OF GLOBALISATION ON SLOVAK LABOUR MARKET - OPPORTUNITIES AND PROBLEMS

The global economic crisis was also hit hard by the Slovak economy and the issue of unemployment in our society resonates very intensively. Different instruments are being sought to eliminate the negative impact of the crisis on the labour market, with the emphasis on alleviating the disadvantageous position of disadvantaged job seekers, facilitating and speeding up the transition of unemployed people to labour market. The Slovak labour market is struggling with serious structural problems that are a brake on the economic development of the country. Unemployment among young people, people over 50 years, large regional disparities and a huge share of long-term unemployment mean the untapped potential of the economy. At the same time, it is a social indicator associated with unfavourable social phenomena, unemployment means a loss of social status, people without work are at risk of poverty and social exclusion. It should be noted, that globalization also brings many opportunities, is a positive driving force for change. It opens up access to new technologies, cheaper goods and services, creates flexible jobs, new business areas and innovative forms of service. At present, the social economy and its social entrepreneurship tool are at the forefront of Slovak conditions. It is a hybrid business model that tackles the unemployment of disadvantaged job seekers, brings stable jobs and innovative forms of service delivery. This paper focuses on the analysis of the current situation on labour market in Slovakia in relation to the effects of globalization and with emphasis on its negative consequences and opportunities.