Human Resource Management at Russian Companies — Leaders of the Global Economy

Abstract

O ne of the main sources of competitiveness on the modern economy are the intangible assets of companies. In the structure of the intellectual capital assigned to human resources and human capital, the knowledge, skills, creativity, and employees' motivation play a special role. The quality of human resources affects the value of the company and human resource management practices, which in turn affect the quality of its human resources.The article focuses on a resource-based view of the firm and human capital theory as fundamental perspectives, linking human resources to achieving a sustainable competitive advantage for the company.The empirical study tested the assumption that Russian companies, the leaders on the world economy, implement management strategies and practices that facilitate the efficient use of human resources in order to achieve one's main goals, which distinguishes them from companies that have not reached a level of international competitiveness. Keywords:human capital; human resource development; strategic management; international competitiveness; Forbes Global 2000The main tool for research is a questionnaire -the standard "Investors in People" survey -that is used to assess the effectiveness of policies and practices of the management and development of human resources at companies. The survey involved representatives in executive management positions at 41 public Russian companies; 14 of the surveyed companies were included on the Forbes Global 2000 (2014) and possessed the traits of competitiveness.The results showed that at companies with competitive features, there is a pronounced tendency for the greater involvement of employees in the process of goal-setting and decision-making. There were also some differences in the practice of management personnel between companies with and without indicators of competitiveness. In general, the assumption that Russian companies have reached a level of leadership at a global level, using more effective policies and management practices, and the development of human resources to achieve its goals, as a result of the study, is confirmed.

Strategic management of human resources in modern conditions: a case study

“…Romanova (2019), it is necessary to study systematically the claims of employees with a view to the rational use of human potential, as there is a correlation between job satisfaction and labour productivity. E. Zavyalova et al (2017) believe that it is necessary to involve personnel in strategic goal-setting and corporate decision-making, to develop channels of internal and external communication, to provide regular feedback on the performance of employees of all levels, to apply modern methods of personnel assessment, to stimulate various forms of long-term employment (for example, guarantees of a share of profit from the activity of an enterprise).…”

Optimization of Credit Activity of a Commercial Bank Based on a Parametric Model

“…For the purposes of this work, it is important to distinguish the concepts of 'financial reliability' and 'financial stability' of a banking organization (Zavyalova et al, 2017).…”

Assessment of management decisions as a factor in the sustainable functioning of an enterprise

“…In the context of the current financial crisis and the threats of instability that surround enterprises everywhere, the most important factor is the risks that enterprises face when making management decisions at all levels. A number of articles by such authors as E. Zavyalova, D. Kucherov, V. Tsybova [1], as well as A. Shamsi [2]. They have been written about the role of management personnel and the competencies of the management itself.…”