GOVERNMENTAL POLICY OF INVESTMENTS IN HUMAN CAPITAL: EVALUATION OF THE EFFECTIVENESS OF THE APPLICATION OF KNOWLEDGE OF GRADUATES OF FOREIGN UNIVERSITY IN KAZAKHSTAN

Abstract

Investments in human capital are necessary measures to improve the quality of people’s life, the development of companies or for the growth of the country's economy. The article examines the competencies, knowledge and skills that Kazakh graduates of foreign universities received in the process of studying in other countries, as well as the barriers and obstacles that prevent Kazakhstanis from fully using their intellectual potential at work. In the period from April 26 to May 29, 2021, a survey was conducted among Kazakhstani graduates of foreign universities based on an online Google form. 1111 people took part in the survey. According to the results of the research, it was revealed that upon completion of studies at foreign universities, Kazakhstanis enter the labor market with certain sets of qualities, mainly including analytical skills, computer and communication skills, leadership, knowledge in the field of management, language competencies and other skills. However, the level of applicability of certain knowledge, competencies and skills in the professional activities of graduates of foreign universities is at a low level. Over time, this will lead to regression and a decrease in the competence of workers. In order to prevent the worst scenarios, the Republic of Kazakhstan should start work on the implementation of an effective state policy in the field of educational migration and the development of human capital right now. The article was made within the framework of grant funding from the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan (IRN АP13067766).