Human Capital: Diagnostics and Development Direction

Abstract

Human capital is the most important development factor of an innovative economy. Managers at all levels are beginning to recognize the importance of human qualities and skills, as well as the need for their development. The present research diagnozed the state of human capital of the Kemerovo Experimental Mechanical Repair Plant. The paper outlines the theoretical and methodological foundations of human capital, introduces some prospects for its development, analyzes staffing and HR processes, assesses the current system of motivation and remuneration, measures the cost of the human capital, and evaluates all its elements, namely education, culture, and health. A sociological questionnaire made it possible to assess the satisfaction from labor conditions and management, as well as the level of motivation. The authors offer some improvement measures for the development of the human capital within the enterprise in question.