Evaluation of the Human Capital of the Enterprise: Problems and Solutions

Abstract

Measuring the value of human capital (HC) of an enterprise is traditionally, on the one hand, the key task of managing the human resources potential of a business, and on the other hand, it is a difficult task that has not found its correct solution yet. In this regard, the purpose of this study was to develop an approach that allows us to rank the methods for measuring the HC of an enterprise in terms of reliability of the obtained results. To achieve this goal, a methodological approach was used, based on a comparative analysis of existing practices for measuring HC, grouping these procedures according to key features, and followed by ranking the formed groups based on parameters that determine the adequacy of the estimates obtained.As the analysis has shown, it is advisable to use the features of the indicators used for calculation as criteria for typing existing methods for measuring HC. These characteristics included the following options for initial data: investment; current indicators; return on investment. In order to determine the methods that provide the best reliability of the obtained results, such methods were distributed on the basis of features that characterize the reliability of the primary data. As a result, we formed an approach that made it possible to rank typical methods for assessing the value of the enterprise’s HC from the standpoint of the reliability of displaying the area under study, which distinguishes this method from other existing procedures. At the end of the work, the ways to increase the HC of an enterprise are proposed, taking into account the preferences of active workers, in particular, and their attention to ensuring the wellbeing of employees by the employer.