Financial management and the economic situation of the labor market

This article identifies existing financial management issues and analyzes current financial management models in commercial organizations and their relationship to labor market economic factors. It examines and systematizes a number of contemporary challenges facing corporate financial management, such as profitability, competition, digitalization, automation, diversification, optimization, and others. It explains their essence and offers possible solutions. The author's classification of current financial management models in businesses is presented, detailing and examining such financial management models as the traditional model, cash flow management, financial risk management, strategic financial management, zero-based budgeting, and others, revealing their advantages and disadvantages. Special attention is paid to their practical application, and the factors of great importance for commercial organizations, such as accessibility, cost, and effectiveness, are assessed. The paper emphasizes the role of digitalization, artificial intelligence-based technologies, and the pro-grams on corporate financial management systems. This study hypothesizes that financial management and labor market conditions are closely interrelated; financial management issues influence labor market conditions; and labor market conditions influence the choice of a financial management model for a commercial organization. These hypotheses are con-firmed by the study. The article applies theoretical and empirical research methods such as analysis, synthesis, comparison, observation, contrast, modeling, and data processing and interpretation. The relevance of this study lies in the growing interest of financial managers in scientific developments and research into financial management issues to address their own challenges arising in their business financial management systems. The scientific novelty of this study lies in its identification of the relationship between changes in the labor market conditions and a business financial management system. The findings are drawn based on the study.

1. Legasova I.V. Risk management in the financial management system // A scientific result. Economic research. 2023. Vol. 9, No. 3. Pp. 98–106. doi:10.18413/2409-1634-2023-9-3-0-9.

2. Makarova V.A. Optimization of investments in corporate risk management // Strategic decisions and risk management. 2019. Vol. 10, No. 3. Pp. 220–227. doi:10.17747/2618-947x-2019-3-220-227.

3. Pershin Ya.R., Budkina E.S. Digitalization of financial management of an organization: integration of distributed ledger technologies and artificial intelligence into financial management processes // Bulletin of Eurasian Science. 2024. Vol. 16, No. 6.

4. Korjakina T.V., Sokolovskaja E.N., Pljasova S.V. Comparative analysis of labor market models in the context of changes // Bulletin of Surgut State University. 2025. Vol. 13, No. 2. Pp. 16–29. doi:10.35266/ 2949-3455-2025-2-2.

5. Soboleva I.V. Economic conditions and subjective assessments of the quality of employment // Business. Education. Law. 2020. No. 4 (53). Pp. 28–32. doi:10.25683/VOLBI.2020.53.439.

6. Gasparyan T.S., Ermakova E.A. Application of fundamental concepts of financial management in a modern commercial organization // Siberian Financial School. No. 4 (156). Pp. 61–66. doi:10.34020/1993-4386-2024-4-61-66.

7. Busygin D.Yu., Busygin Yu.N., Antipenko N.A. EVA as one of the most important financial indicators of the effectiveness of marketing strategies for the use of additional capital in company development // Accounting and analysis. 2018. No. 1. Pp. 39–45.