The financial and economic crisis has made a positive effect on the labor market, this is proved by the research of the analytical department of Norvik Universal Credit Organization. The research shows that the reduction in vacancies will allow employers to make the employees show a more responsible attitude to their work. Nevertheless, nobody frightens them with difficulties of search of a new vacancy or threatens to take economic measures, for instance, to decrease the salary.

Employees themselves start displaying a more responsible attitude to their work. Furthermore, the requirements to the applicants have changed.

In particular, more universality in work is required - companies no longer can afford keeping employees with narrow specialization. The requirement of universality also affected the requirements to the age of employees. Earlier recruitment agencies looked for young employees, now specialists above 50 years of age also can get a job if their experience allows them to make sense of several working issues simultaneously. As for those dismissed, they also have new opportunities to work at their personal professional qualities. At present, companies do not axe to minimize the expenses on the account of employees, but everybody realizes that to be irresponsive at work is fraught with reduction in salary, bonuses and social packages.

The methods used in Armenia do not cause fear, which only presses efficiency, on the contrary, the current situation abruptly increases the labor efficiency and the employees' responsible attitude to work, which was lacking earlier and this was the main problem of all employers. At the same time, there are no socio- psychological methods increasing the satisfaction with work.

The experts' opinion about the employees' mood is indirectly confirmed by the research held by Norvik UCO. According to the research results, in October 2008 only 10% of pollees observed a growth in work efficiency of employees while after the New Year holidays 45% of pollees gave a positive answer.