Corporate Investment in Human Capital Accumulation as a Condition for Individual and Social Well-Being

Abstract

The modern idea of human well-being involves the combination of individual and social point of view. Substantially human well-being is a result of investment in different directions of life quality and material condition. However, for sustainability of well-being over time the multi-actors investments (private and social) in different types of capital (natural, economic, social and human) are equally important. Based on critical importance of corporate investments in human capital (in knowledge, competencies and skills) there is a conclusions about their impact on individual and social well-being. The article contains a list of general principles as well as specific methods of assessing and evaluating the impact of corporate investment in human capital on the dynamics of corporate financial indicators (economic value), development of innovative creativity and operative skills and establishment of public-private partnership (PPP) for individual and social well-being. The author suggests the economic evaluation of the effectiveness of corporate investment in human capital accumulation. The results can be down in a format of Balanced Scorecard (BSC). There is a description of goals for each section, recommended operations and implementation. This article represents the applications for financial indicators, which recommended for the analysis of economic efficiency and recoupment period of corporate investment in the human capital accumulation (taking into account the factor of time).