The Role of Human Capital in Solving Problems in Promoting Innovative Development of the Post-Pandemic Economy of Russia

Abstract

Human capital is the set of skills, knowledge, abilities and attributes embodied in people that are crucial to the ability to absorb and systematise knowledge and to innovate. Research on human capital has traditionally focused on education and learning. Concerns about the motivationally relevant elements of human capital, such as employee job satisfaction, organisational commitment and willingness to change in the workplace (which have been shown to drive innovation), have often been overlooked in economic research and public policy research to date. This problem can be addressed by examining enterprise human resource systems that can improve these elements of human capital.

Structural Equation Model Evaluating Katz's Triplet Managerial Skills and Its Relationship to Human Capital

“…There also exists a correlation between technical and interpersonal skills, as successfully implementing these skills significantly influences performance (Winarto, 2018). Additionally, Calabrò et al (2020) and Azarova and Makareva (2022) assert that human capital and technical skills correlate with innovativeness. Finally, conceptual skills hold significant value within the human capital framework, where the primary determinants of firms' competitiveness are intangible attributes of their labor forces (Ciuhu & Vasile, 2019).…”

“…Human capital comprises a set of skills, expertise, abilities, and qualities that are integral to the capacity to assimilate and organize knowledge, as well as to foster innovation. However, human capital research has historically emphasized learning and education (Azarova & Makareva, 2022). Mumladze and Lomachynska (2021) assert that human capital is a fundamental element of an economy focused on innovation.…”

“…It has also been established that interpersonal skills are linked to human capital due to their critical role in knowledge assimilation, organization, and innovation. These skills can be enhanced by implementing performance management strategies within an industry (Azarova & Makareva, 2022). Many previous academic studies center on the relationship between Technical, Conceptual, and Interpersonal Skills.…”