Advantages of Factual Model of Human Capital Assessment for Purposes of Public Administration

The accelerating technological development increases the requirements for the quantity and quality of human capital. There is no longer any doubt that human capital is the most important type of capital that determines the role and place of countries in the
world economy. At the same time, the assessment of human capital remains a controversial issue, causing a number of difficulties. The research is aimed at identifying the advantages of using an actual human capital assessment model. To do this, the article identifies existing classifications of assessment models, determines the content of the human capital assessment model based on new indicators, and proposes a classification option for the results of human capital assessment. The methodological basis of the study was the theory of human capital, human capital assessment, labor economics, knowledge economics. The study used a set of methods such as comparative analysis, synthesis, induction, deduction and mathematical. The information base of the research was both modern developments of practitioners, theorists, and classical works of domestic and foreign scientists, statistical data of the Federal State Statistics Service, World Bank data, specialized literature in the field of human capital theory and accounting of intangible assets, state regulatory legal acts. The proposed actual human capital assessment model digitizes the value of human capital and details its constituent components. The continuum of human capital assessment is also proposed as a way of rating classification of the organization’s personnel and population. The results of the study contribute to understanding the development trends of evaluation models and programs of human capital, allow us to identify the advantages of using the actual model of human capital assessment for public administration purposes.

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