Abstract
The article substantiates the leading role of human capital as a factor of innovative development in the conditions of technological modernization of the economy and the deployment of the fourth industrial revolution. The definition of human capital as human assets consisting of physical, intellectual, professional, motivational components of the employed population is specified. The author’s approach of understanding human capital as an object of research is proposed, in which the subjects, components, parameters and factors of formation and development of human capital are systemed. The demographic, physiological, educational, professional, socio-economic and socio-cultural components of the human capital have been singled out and characterized, which is of great importance for the comprehensive analysis of the human capital at the national and regional levels. The value of each component of the human capital in ensuring innovative processes is substantiated. Keywords labor force, human capital, human assets, innovative development, components of human capital.
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