УПРАВЛІННЯ ЗНАННЯМИ В СИСТЕМІ РОЗВИТКУ ЛЮДСЬКОГО КАПІТАЛУ НА РИНКУ ПРАЦІ

Abstract

The relevance of the study of the impact of knowledge management and human capital development at the labor market on economic growth is determined by the need to overcome imbalances in the socio-economic development of Ukraine. The article is dedicated to the identification of the main features of human capital development, to the assessment of its level in Ukraine, as well as to the factors identifying the impact of knowledge management and human capital development on economic growth. The development of human capital is considered to be the most important prerequisite for ensuring sustainable economic growth in Ukraine. The main features of the development of human capital as a resource for increasing productivity and, consequently, the growth of capitalization at the micro, meso and macro levels is the accumulated stock of production competencies and inseparable knowledge and abilities. The correlation of the quality of knowledge flow management and GDP is revealed, the density of which reflects the desire of highly developed markets to attract investment in human resources development and the formation of demand for new knowledge. The high level of human capital accumulation in Ukraine is confirmed by the analysis of the range of international rankings, including 32nd place in the Global Innovation Index 2020 with the rate of 37,7% for knowledge-intensive employment. It is noted that to ensure economic growth it is necessary to apply the knowledge gained by citizens in the labor market. It is proposed to assess the effectiveness of knowledge management in the system of human resources development in the labor market by measuring its contribution to the economic growth of the regions of Ukraine. It is recommended to choose the growth rates of production, labor productivity, and the elasticity of employment growth as targets. It was found that the growth of human capital has an impact on productivity growth and the elasticity of employment growth. As human capital grows, the elasticity of employment growth will decrease, which makes the economy of the regions less labor-intensive and leads to greater economic growth. The simulation allowed us to identify the main factors of the direct and indirect impact of human capital development on the level of economic growth. In the future, it is proposed to study the models of human capital development under crisis conditions and to develop strategic guidelines for knowledge management at the institutional level.