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The key trends of the 21st-century labor market include: shifting of demographic patterns, quicker pace of technological changes, further evolution of globalization with its newer implications for the future of work as such. Very soon employees wordlwide will work in more decentralized but at the same time also more specialized firms. Slower labour growth will encourage employers to recruit from social groups with previously relatively low labour participation. Greater emphasis will be placed on staff retraining and lifelong learning. Future productivity growth will support higher wages and may affect wage distribution overall. Considering all of the above, it seems to be vital to understand the issues which organizations/employees are facing today, so that to be aware of the issues the upcoming generations would have to face, to adjust to and be prepare to, considering the growing robustness of the world labour market

FEATURES, TRENDS AND CHALLENGES OF THE GLOBAL LABOR MARKET