THEORETICAL AND METHODOLOGICAL APPROACHES TO HUMAN CAPITAL QUALITY ASSESSMENT: MODERN ASPECT

Abstract

This study explores the theoretical aspects of human capital quality, analyzing the evolution of perspectives on both quality and human capital. The author proposes a novel definition of human capital quality as the combination of properties related to knowledge, skills, and abilities that determine the capacity to effectively meet the needs of the economy and society. This, in turn, contributes to increased labor productivity, innovative development, and sustainable economic growth. The paper examines key methods for assessing human capital and its quality, including cost-based, income-based, index-based, and expert evaluation approaches. Additionally, it introduces specific methods for evaluating human capital quality, such as competency assessment, Key Performance Indicators (KPIs), 360-degree feedback, potential assessment, Return on Investment (ROI) of human capital, the balanced scorecard approach, intellectual capital valuation, innovation potential assessment, social capital evaluation, and adaptability assessment. The study emphasizes the multidimensional nature of human capital quality, integrating various theoretical and practical approaches to understanding quality and the capitalization of human abilities and potential. It highlights the importance of considering not only professional skills and knowledge but also motivation, innovative potential, learning ability, emotional intelligence, moral values, and social responsibility. The research underscores the fundamental impact of human capital quality on management decisions and development strategies, arguing that high-quality human capital enhances an organization’s competitiveness, ability to respond to changes, and capacity for innovation. The paper concludes by advocating for a comprehensive approach to evaluating human capital quality that combines both qualitative and quantitative methods, emphasizing its significance in forming human resource management strategies aimed at maximizing employee potential and ensuring sustainable organizational development.