Problems and Prospects of Human Capital Development in Modern Russia

Abstract

Purpose: In the context of dynamically changing modern labor market there is a need to develop a model of congruence and correlation of the process of building professional competencies provided by educational standards. Design/Methodology/Approach: The study was performed using monographic, abstract logical, sociological and statistical methods. However, this approach does not imply the formation of supra-professional competencies, which generally predetermine the success of professional tasks performed by a specialist. Findings: The article discusses the role of human capital as a fundamental factor affecting the increase in the competitiveness of production. Practical implications: The study focusses on the most demanded competencies for the development of digital society. The authors have grouped countries by level of human capital use. Originality/Value: At present, the appropriate parameters for measuring professional and general cultural competencies have been adopted as a system for assessing the quality of education in general and the quality of specialist training.

Security of Digital Transformation of the Financial Market

“…The challenges facing the financial market related to the digitalisation of the financial industry itself are just a reflection and forerunner of the processes that will be observed over the next decade and which will much more deeply change the entire system of socio-economic relations [46][47][48][49][50].…”

Human Capital Development as a Basis for Economic Growth

“…Strategies to promote the development of education, training, acquisition and improvement of skills should be built for the entire working period of a person. At the same time, Figure 2 shows that in agriculture, in comparison with other sectors, the smallest percentage of workers have higher education, which does not meet the modern requirements of the post-industrial economy (Kuznetsova et al, 2019c).…”

“…However, since its growth can occur due to an increase in the price level, and even with a reduction in the real volume of production, its value must be adjusted by the value of the deflator ( growth moved to the area of positive values. The estimate of the index of the physical volume of GDP for 2018 amounted to 102.3% by 2017 (Kuznetsova et al, 2019b). When analyzing the structure of Russia's GDP according to the production account, it should be noted that the economy's dependence on the fuel and energy complex remains, and with the restoration of high oil production rates, the Dutch disease becomes more acute and the growth rate of the manufacturing industry slows down.…”

Problems Of Changing Labour Legislation In The Context Of Improving Labour Efficiency

“…The certificate issued to applicants who have passed such a professional exam will open up greater opportunities for the employee in the labor market (Kuznetsova et al, 2019).…”