The role and place of the labor protection system in socio-economic development

The paper dwells upon the role and place of labor protection in socio-economic development. The goal is to find the connections between the notions of “labor protection system” and “socio-economic development”. The subject of the scientific research is the labor protection system. The work contains the following methods of scientific research: analysis, synthesis, the study of scientific papers on the identified problem and the generalization of the information studied. The scientific novelty of the research consists in defining the concept of human capital as one of the connecting elements between labor protection and socio-economic development on the basis of the generalization of the researches on this issue, the study of social and economic aspects of the labor protection system. In the course of the scientific work, it was proved that the value of a person and his safety are the defining indicators of the labor protection system. The system itself is an effective tool that allows one to achieve socio-economic efficiency and development of an enterprise, region and country as a whole. The results obtained in the work can serve as the basis for subsequent researches. The identified key relationships can be taken as the basis for creating plans for the modernization of the labor protection system at enterprises.