International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)

Abstract

Regional human capital: Problems of essence, structure and assessment (Voronezh region)

Author(s): Natalia V. Yakovenko, Roman V. Ten, Irina V. Safonova, Igor V. Komov & Olga V. Didenko

A characteristic trend of recent decades in the economy is a fundamental re-evaluation of productive forces, due to the global trend for innovative development. Gradually, the role and importance of material capital gives way to the palm of superiority to the abilities and skills of a person, his high professionalism and competence. The role of high-tech technologies, high-tech production, and the IT industry is steadily increasing. Today, the success of a company is primarily characterized not by the inventory of material goods, but by the possession of specific information that gives its owners enormous competitive advantages. In other words, the priority of the modern economy is to attract, accumulate, develop and retain human capital as the main factor of socio-economic growth and the basis of the state's competitiveness in the global economy. In this regard, the issue of objective assessment of human capital and further application of the results in practice is very relevant. The article uses the author's methodology to evaluate the human capital of the Voronezh region, which is one of the leading subjects of the Central Federal district in terms of socio-economic development. The proposed methodology for the study of human capital is defined and focused on solving a problem that differs from the generally accepted and widespread problems of quantifying the total human capital of a country or the value of the human capital of a firm (organization), as the value of certain intangible assets, expressed in monetary units. The use of the proposed methodological approach in practice will increase the validity of decisions and actions of authorities and management organizations that ensure the development of human capital in the region. This tool can be used by local authorities and state authorities, as well as other interested parties for the purpose of complex diagnostics of the human capital size of regions.

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