The Implications of the Economic Theory of Human Capital for Personnel Management

1981 ◽  
Vol 10 (1) ◽  
pp. 30-40 ◽  
Author(s):  
Eric G. Flamholtz ◽  
John Lacey
Keyword(s):  
Economic Theory ◽  
Human Capital ◽  
Personnel Management

scholarly journals DEVELOPMENT OF A MODEL OF MOTIVATION AND INCREASING LABOR FOR BANKING STAFF

2021 ◽  
Vol 56 (1) ◽  
pp. 205-213
Author(s):  
N.B. Kultanova ◽  
Keyword(s):  
Human Capital ◽  
Personnel Management ◽  
Management System ◽  
Employee Motivation ◽  
High Impact ◽  
Economic Science ◽  
Economic Aspects ◽  
Modern Economic ◽  
Bank Employees ◽  
Second Tier

This article presents an analysis of the system and methods of motivating and stimulating employees in second-tier banks in domestic and foreign practice. It is known that no organization can count on success if there is no employee motivation for high-impact work, their interest in the final results of work and their desire to contribute to the achievement of the set goals. That is why there is so much interest among managers and management researchers in exploring the reasons that make people work with full energy and in the interests of the organization. The peculiarities of banking work are also due to the specifics of banking, therefore, the study of the problems of personnel management in second-tier banks, and the search for ways to improve it are among the urgent tasks of modern economic science. The material analyzed, systematized and clarified the sections "stimulus" and "stimulation".In Kazakhstan, the economic aspects of this problem are devoted scientists and practitioners like A.K. Belgibaev, A.A. Abishev, T.S. Satkalieva, S.A. Svyatov, N.N. Khamitov, G.S. Seitkasimov and others. The author studied on the basis of the analysis of domestic and foreign literature, as well as the results of the study, the following recommendations were developed for improving the personnel management system in second-tier banks based on labor motivation. The models for motivating bank employees have been clarified. The factors that are directly related to the development of human capital and the motivation of bank employees are highlighted.

Wykształcenie jako czynnik determinujący długość życia

2015 ◽  
Vol 37 (3) ◽  
pp. 93-110
Author(s):  
Marek Kunasz
Keyword(s):  
Economic Theory ◽  
Human Capital ◽  
Life Expectancy ◽  
Capital Investments ◽  
Eu Countries ◽  
Human Capital Investments ◽  
The Eu

The paper contains analyses of life expectancy mainly in the context of its relation to the level of individual’s education. The data was referred to the specific Eurostat researches which take the above mentioned criterion of population’s division into consideration. 14 EU countries (including Poland) and 2 countries, which are not in the EU territory, were included in the research. The project was carried out from 2007 to 2010. The life expectancy of 30‑year‑old individuals was examined, assuming that the first effects of investment in the human capital connected with education are revealed at this age (deliberations were set in the economic theory of the human capital). Keywords: human capital, investments in human capital, health in theory of human capital, education, life expectancy.

scholarly journals INVESTING IN PERSONALITY DEVELOPMENT AS THE MOST VALUABLE ASSET OF LONG-TERM COMPETITIVENESS OF THE ENTERPRISE

2020 ◽  
pp. 73-82
Author(s):  
Olena Hurman ◽  
Viktoriia Tserklevych
Keyword(s):  
Human Capital ◽  
Personnel Management ◽  
Personal Development ◽  
Management System ◽  
Personality Development ◽  
Personnel Development ◽  
Management Service ◽  
Favourable Environment ◽  
Management Services

Purpose. The aim of the article is a scientific argumentation of the priority of investing in personal development as the most valuable asset of long-term competitiveness of the enterprise. Methodology of research. The following general research methods are used in the article to achieve this goal and solve research problems,: logical analysis, comparison, systematization - to substantiate the relevance of comprehensive personal development and the formation of relevant competencies in the context of innovative practice of assessing individual employee value; reflection of Ukraine's position on the Global Competitiveness Index for 2014-2019; identification of goals and objectives of the personnel development system; theoretical generalization - to characterize the essence and place of personal development in the content of modern concepts of personnel management of the enterprise; graphical representation of materials - to reflect the integrated indicator of human capital in terms of psychology of happiness (human self-realization), the basic components of the personnel management system, features and functions of personnel management services in foreign countries. Findings. The article is devoted to the analytical understanding of the most pressing problem in the field of personnel management — the effective development of the employee's personality. The essence and place of personal development in the content of modern concepts of personnel management of the enterprise are characterized. The relevance of comprehensive personal development and the formation of relevant competencies in the context of innovative practices of assessing the individual value of the employee are substantiated. The foreign experience of personnel development, first of all — the managerial level — as a priority function of the personnel management service is presented in an annotation. It is investigated that the definition of personnel development priorities should be carried out in two directions: by determining the priority of the goals of personnel policy of personnel management of the enterprise; by determining the priority or severity of individual problems within the existing human capital system that meet the objectives of the enterprise. It is recognized that the main source of stability and long-term competitiveness in the market is knowledge of the abilities and capabilities of its employees, creating a favourable environment for the growth of staff competence and its comprehensive development. Originality. According to the results of the study it is argued that the main source of stability and long-term competitiveness of the enterprise in the market is knowledge of the abilities and capabilities of its employees, creating a favourable environment for staff competence and systemic professional development. The content and functions of personnel management services are systematized on the example of multinational corporations of the world. The basic components of the personnel management system in the general system of corporate governance are specified. An integrated indicator of human capital from the point of view of the psychology of happiness (human self-realization) has been formed. Practical value. The obtained results of the research can be used by top managers of service economy enterprises in Ukraine to determine the priority of investment measures in the development of their employees. Key words: personality, development, motivation, diagnostics, personnel department, personnel management service, career chart.

HUMAN CAPITAL AND THE "KNOWLEDGE INDUSTRY" IN ECONOMIC THEORY

2021 ◽  
Author(s):  
Екатерина Александровна Самохина
Keyword(s):  
Economic Theory ◽  
Human Capital ◽  
Human Activities ◽  
Scientific Field ◽  
Knowledge Industry

В данной статье речь пойдет о таких понятиях в экономической теории как человеческий капитал, «индустрия знаний», (которая включает в себя ряд видов человеческой деятельности), а также о количестве занятых в научной сфере. This article will focus on such concepts in economic theory as human capital, "knowledge industry" (which includes a number of human activities), as well as the number of people employed in the scientific field.

Salary Differences Between Male and Female Software Developers

2011 ◽  
pp. 24-42
Author(s):  
Ronald Dattero ◽  
Stuart D. Galup ◽  
Jing “Jim” Quan
Keyword(s):  
Economic Theory ◽  
Human Capital ◽  
Object Oriented ◽  
Object Oriented Programming ◽  
Software Developers ◽  
Control Variables ◽  
Male And Female ◽  
Education Experience ◽  
Human Capital Model ◽  
Gender Factor

In this chapter, we quantify the differences in the hourly salaries of female software developers with their male counterparts using the human capital model based on economic theory. In addition to the gender factor, the human capital model includes other control variables that may account for the salary differences such as education, experience, and specific skills, such as object-oriented programming and SQL. Our models indicate that gender is a statistically and practically significant factor in assessing a software developer’s salary.

Approaches to Assessment of Personnel Training Effectiveness

10.12737/8133 ◽  
2015 ◽  
Vol 4 (1) ◽  
pp. 57-59
Author(s):  
Корепанова ◽  
D. Korepanova
Keyword(s):  
Human Capital ◽  
Competitive Advantage ◽  
Personnel Management ◽  
Training Effectiveness ◽  
Universal Model ◽  
Comparison Study ◽  
Personnel Training ◽  
The Core ◽  
Industrial Context

Personnel training is considered nowadays to be not only one of the core processes in personnel management, but also a signifi cant source of competitive advantage to any organization. Therefore, personnel training should be viewed as the investment in human capital. As any investment is expected to produce payoff to an organization, this highlights the need to assess the level of personnel training eff ectiveness. Numerous experts in the fi eld have attempted to develop a universal model and approach for assessing eff ectiveness of personnel training. The paper considers some of these approaches and provides comparison study thereof. Each organization is free to choose a specifi c strategy for assessing eff ectiveness of training, dependant on industrial context, specifi cs of its operations, personnel composition and profi le, etc. That is why it is important to examine the most frequently used approaches to assessment of personnel training eff ectiveness, as it allows to develop some feasible variations of approaches, which would fi t best to a given organization.

scholarly journals Management of the development of human capital of the airline using personnel logistics tools

2019 ◽  
Vol 67 ◽  
pp. 03012
Author(s):  
Sergey Smerichevskyi ◽  
Yuri Kolbushkin ◽  
Anatoly Mikhnenko ◽  
Olga Polous
Keyword(s):  
Human Capital ◽  
Personnel Management ◽  
Management System ◽  
Process Approach ◽  
Unified Approach ◽  
Personnel Management System ◽  
Definition Of ◽  
Size And Structure

The article deals with the main approaches to the definition of “personnel logistics”. The study of approaches to the definition of “personnel logistics” can reveal the lack of a unified approach to its understanding. The expediency of using personnel logistics tools in managing the development of human capital of the enterprise is established. The human capital of the enterprise is in constant motion, varying in size and structure, it can be said that to create a system for managing the development of human assets of the enterprise appropriate to apply a logistic approach. The sectoral features of airline personnel management are presented. The system of management of development of human capital of the airline with the use of personnel logistics tools is offered. The process approach to the system allows constructing an adaptive personnel management system with feedback on the basis of the logistic concept, since these processes act as objects of management of this scientific direction. The technologies of management of development of human capital of the airline with the use of personnel logistics tools are systematized.

scholarly journals Analysis of Factors Influencing Adoption of Human Resource Practices by Small and Medium Scale Enterprises in Nigeria

2020 ◽  
Vol 4 (2) ◽  
pp. 16-25 ◽  
Author(s):  
Rukayat Oloruntoyin Rabiu ◽  
Wahid Damilola Olanipekun ◽  
Ayodeji Gbenga Bamidele
Keyword(s):  
Human Capital ◽  
Regression Analysis ◽  
Human Resources ◽  
Multiple Regression ◽  
Human Resource ◽  
Personnel Management ◽  
Management Practices ◽  
Medium Scale ◽  
Factors Influencing ◽  
Study Results

In the XXI century, one of the most valuable resources of any organization is human capital. The effectiveness of the organization and the use of other resources depend on the formation quality and the use of the human capital. Today, many factors affect small and medium scale enterprises that lead to their rapid bankruptcy and liquidation, significant staff turnover, and reduced productivity. Under these conditions, attracting and retaining highly qualified personnel as the primary determinant of economic development and growth of small and medium scale enterprises is significantly relevant. Minimizing the negative impact of external and internal factors made by small and medium scale businesses requires recognition of the value of the human resources in improving the enterprise’s competitiveness and the effective management tools implementation. The study identifies the main factors influencing the implementation of human resource management practices in small and medium scale enterprises in Kwara, Nigeria. Methodological tools of this study are methods of analysis and synthesis, comparative and regression analysis. The study covers 200 small and medium scale enterprises in the Kwara Central Senatorial District and registered in the National Association of Small and Medium Enterprises (NASME). The factors influencing the use of human resources by small and medium scale enterprises in the article are studied in the following logical sequence: using a structured questionnaire developed in the form of the Rensis Likert scale, an array of primary data is forme. The hypothesis (at the level of 5% of weight) regarding the relationship between the efficiency indicators and human resources management policy is tested using multiple regression analysis with statistical software STATA 11.0. The results of the survey are analyzed, summarized, and interpreted using descriptive statistical methods. The results of multiple regression analyses confirm a statistically significant relationship between the analyzed indicators (p = 0.000 and R2 = 0.8128). The study shows a significant impact of financial security of the organization (β = 0.76; t = 8.63; p) and its size (β = 0.46; t = 4.66; p) on the implementation of personnel management practices on the example of small and medium scale enterprises in Kwara). The study results confirm that the small and medium scale enterprises in Kwara actively use personnel management under the influence of environmental factors. The study empirically confirms and theoretically proves the feasibility to consider such variables as the funding availability, the size of the firm, and the type of ownership in the business management process. Keywords: Human Resources, Human Capital Theory, Management, Nigeria, Small and Medium Scale Enterprises.

scholarly journals F. Von Hayek: Invention of the Enemy and Modern Neoliberalism

2020 ◽  
Vol 11 (4) ◽  
pp. 022-029
Author(s):  
Petr A. Orekhovsky ◽  
Keyword(s):  
Economic Theory ◽  
Human Capital ◽  
Market Design ◽  
The Political ◽  
Economic Science ◽  
Private Money ◽  
Political Category ◽  
Development Of Economic Theory

The paper considers the evolution of the category “political” in the development of economic theory of the XVIII – XX centuries. It demonstrates the departure of economic science from ideological assessments characteristic for the antagonistic relations of early capitalism. In the 1940s – 1950s F. von Hayek reintroduces the concept of “enemy” into economic researches, which is met with strong rejection by the Western establishment, which is under the influence of Keynesianism. F. von Hayek is one of the founders of neoliberalism, within the framework of which an antagonistic confrontation between the “blind forces of the market” and the “dictatorship of a group of people” is being constructed. Thus, a dilemma is imposed, which does not provide an opportunity to understand the mechanisms of market design. Von Hayek is making great efforts to create a transatlantic network of neoliberal organizations based on the Mont Pelerin Society. Long work leads to the fact that in the 1970s. neoliberalism is becoming the ideology - hegemon. At present, the political category retains its significance in economic science. Ideological constructs such as human capital, private money, diffused knowledge, despite their utopianism, continue to transform reality

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