Reproduction of human potential of JSC “Russian Railways” - a source of increasing labor productivity

Abstract

The ongoing reform of Russian railway transport entailed a change in the form of ownership and status previously all known monopoly represented by the Ministry of Railways of Russia, and its transformation into the Open Joint Stock Company “Russian Railways”. The change in the form of ownership of one of the largest subjects of the transport services market in Russia had a certain effect on the competitiveness of the country’s transport system and, in some way, reduced the level of monopolization of railway transportation. The methods for calculating the labor productivity of transport companies in Russia generally require a deeper method of measuring the performance of personnel, based on assessing the level of development of the company’s human potential in modern economic conditions, when the relationship between the results of personnel work and the company’s targets determines its competitiveness. The authors propose a new methodology for managing labor productivity and employee incentives, which is caused by the actualization of a number of functions of personnel management of transport companies and the transformation of production activities depending on changes in the external environment, which previously did not play a fundamental role, but now have a decisive influence on the efficiency of the company’s activity and social production of the country. Assessment of the performance of companies can also cause problems with the management system of labor productivity and human development, if the strategic goals and objectives of the company’s development are not known to a particular employee, are not balanced or outside of its sphere of influence.