Human Capital Investment: an Educational Perspective Cover Image

Інвестування людського капіталу: освітній ракурс
Human Capital Investment: an Educational Perspective

Author(s): Olexandr Skibitskyi, Volodymyr Lypchanskyi
Subject(s): Education, National Economy, Human Resources in Economy, Socio-Economic Research
Published by: Центральноукраїнський національний технічний університет
Keywords: information transparency; higher education institution website; visibility; transparency criteria; educational ratings; transparency efficiency;

Summary/Abstract: The directions of development of the system of investment of professional (educational) level of personnel and policy of human resources management are considered. The basis of effective activity of the enterprise, especially in a crisis situation, is an effective personnel policy and the strategy of motivation and promotion of the personnel derived from it promotes prevention of social conflicts. Continuous training and retraining of managers and ordinary employees, staff development based on the qualitative characteristics of its educational and professional level becomes the main element of personnel policy in the organization. The most important prerequisite for improving the efficiency of investment in education is forecasting labor market needs. An individual's investment in his or her own education may be ineffective if he or she does not have an assessment of the potential need of entrepreneurs for certain specialists. Inadequate assessment of the company's training and staff development needs will also negatively affect the effectiveness of the respective investments. Forecasting the situation on the labor market is necessary for the state to prevent structural imbalances in the labor market or mass unemployment. Higher education makes a significant contribution to the development of individual human capital. The contribution of higher education to individual economic growth is primarily related to improving the quality of work of employees with a high level of education and qualifications. The most important factor of success is the continuous theoretical and practical training of managers of a new type, with a high sense of responsibility for the results of the enterprise. This requires the intensification of research in this area, the development of specific ways and methods of implementing personnel policy, restructuring the formation and use of human resources management of organizations. In the most high-tech, prestigious and highly paid professional fields, preference will be given to freelance graduates. These considerations require the intensification of research in this area, the development of specific ways and methods of implementing personnel policy, restructuring the formation and use of human resources management of organizations.

  • Issue Year: 2020
  • Issue No: 4 (37)
  • Page Range: 130-144
  • Page Count: 15
  • Language: Ukrainian