Subject. This article discusses the role of the employee as an object and subject of the flow of work. Objectives. The article aims to analyze the modifications of human capital and identify the main determinants and factors of these modifications. Methods. For the study, I used logical, functional, comparative, systemic, statistical, and sociological methods. Results. The article identifies determinants and factors of modification of human capital in the conditions of social engagement of the economic system and determines the main characteristics and sources of its development. Conclusions. Qualitative renewal of human capital is determined primarily by changes in the nature and conditions of work, the type and characteristics of the employee, the employee’s role in the creation and accumulation of economic wealth. The human factor becomes the main source and impetus of economic and social development.
Keywords: human capital, modification, socialization of economy, labor activity, community relief
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