Zaitsev S.V.Astrakhan Branch Russian Presidential Academy of National Economy and Public Administration, Astrakhan, Russian Federation voland_home@mail.ru
Importance Human factors play the key role in improving the company. However, the economic research considers the problem of assessing the efficiency of investment in human capital mainly at the macrolevel. The studies on practical methods for the assessment at the microlevel, i.e. at the level of the organization, are insufficient and need further development. Objectives The aim of the paper is to develop a methodology offering a comprehensive approach to the assessment of economic efficiency of investments in human capital of the organization. Objectives include the analysis of different scientific approaches to the definition of investment in human capital and evaluation of the effectiveness of investment in human capital of a particular organization, i.e. the engineering and technical center. Methods Weapplied a horizontal analysis, the method of calculating direct personnel costs, evaluation of the efficiency of investment in human resources using the coefficients developed by Jac Fitz-Enz, O.G. Vaganyan, and J.J. Phillips as the main methods of the research. Results We offer two approaches to assessing the return on investment in human resources. One of them rests on the calculation of three coefficients of efficiency of investment in human capital, and the other one - on the analysis of performance and quality indicators and calculation of the composite indicator of efficiency of investments in personnel. Conclusions and Relevance The proposed methods have practical importance, as they may serve as a tool to assess the ROI of human capital of almost any organization.
Keywords: human capital, organization, efficiency, investment, staff
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