Classification and evaluation of the methodology in human capital analysis at a company level

Abstract

The purpose of the study is to explore the concept of human capital and its inherent factors, as well as to classify various approaches and methodologies for assessing human capital both within individual companies and in the national economy as a whole. This study aims to explore and consolidate methodologies used to assess human capital, offering valuable information for strategic decision making in an organizational context.Research methodology. The study primarily uses a qualitative research approach based on a comprehensive review of both domestic and international literature. Scientific methods such as comparative analysis, systematic analysis, and classification are used.Originality/value of the research. The importance of this research is in the amalgamation of diverse theoretical viewpoints and methods, leading to a holistic comprehension of evaluating human capital and its effects on both organizational effectiveness and societal advancement.Findings. The methodology employed in this study enables organizations to make well-informed choices regarding the allocation of resources, employee growth initiatives, and talent retention strategies. Moreover, the incorporation of the Human Capital Index (HCI) emerges as a pivotal instrument, offering a thorough evaluation of workforce capabilities and their influence on organizational effectiveness. The HCI's capacity to measure the outcomes of human capital investments on productivity, innovation, and the enduring sustainability of the organization underscores its crucial role in shaping strategic decision-making processes.