Human capital in corporate strategy structure: approaches to harmonization

Abstract

The importance of human capital accumulation is increasing among the competitive advantages of a company. However, the attention paid to it in the practice of management is not sufficient. Strategic human capital does not form in the long term. This study identifies the key elements that are necessary in forming a human capital strategy. The applied methodology rests on a fusion of theoretical approach to human capital and strategic planning, public materials describing the practice of forming long-term attitudes in the documents of Russian companies and statistical data. The main research methods are a complex approach, comparative, statistical analysis and observation, together with the author's approach to highlighting the format of a real enterprise strategy. The study has shown that currently corporations are considering the concept of human capital strategy only within the framework of human resource management The infrastructure component and other factors remain outside the framework of this long-term planning. However, the researchers describe this concept in sufficient details, highlighting a number of key aspects that contribute to the formation of this intangible asset. We propose a structure and a number of key attributes of the human capital strategy such as urgency, degree of detailization, publicity, etc. We substantiate the need to identify three areas of development in the long term, which are coordinated with other strategic decisions. These include employee development, knowledge infrastructure formation and corporate social infrastructure construction.