Abstract
This article examines the specifics of human resource management in the context of the promotion of an innovative economy. The study of the human resource management practices in Sberbank of Russia is highly relevant due to the challenges and external threats Russia currently faces and must respond to. The findings made following the analysis of the bank’s reports, surveys, and other open-source information indicate Sberbank’s high readiness to respond to the challenges typical of the new strategic context. At the same time, certain elements are identified without which such organizations operating in the conditions of the digital economy will not be able to outdo their competitors in the future. Sberbank has successfully implemented the Development Strategy through the consistent introduction of human resource management practices that correspond to the current trends involving the development of the information society. It is suggested that the range of tools used to establish an innovation-oriented environment be expanded with organizational democracy and agile leadership.
Highlights
At the end of 2020, the second phase of the government program for innovative development of the Russian economy in 2008-2020 was completed
Sberbank as a publicly held company and the “flagship of digital transformation” has been chosen as an example through which the human resource management practices will be studied [12 - 14]: 1)the bank does not introduce new technology into its business processes and invests money in their development and promotion at the national level, 2)having mastered the methods of successful transformation over the years of implementing the strategy, the bank’s management team has all the skills modern managers are supposed to have both in relation to conventional management practices and in relation to understanding innovative technologies [15 - 17]
In the context of an innovative economy, the concept of the Russian government and the business model of Sberbank include, as a response to external challenges, the creation and implementation of a comprehensive set of measures to ensure the promotion of innovative processes, built around human resources: 1)the “development formula” proposed by the authors of the Concept can be described as follows: “organizational democracy — highly qualified employees — high technologies”, 2) according to Sberbank’s 2019 reports, the bank’s human resources are its key stakeholders
Summary
At the end of 2020, the second phase of the government program for innovative development of the Russian economy in 2008-2020 was completed. To summarize the development of the innovative economy in Russia, the progress at different levels must be evaluated. Alongside government regulation, it is the behavior of the program stakeholders, i.e., market players, that mattered for the successful implementation of the Russian development strategy. It is the behavior of the program stakeholders, i.e., market players, that mattered for the successful implementation of the Russian development strategy For this reason, it is important to study the human resource management practices in Sberbank, which has managed to successfully implement Development Strategy 2020 It is important to study the human resource management practices in Sberbank, which has managed to successfully implement Development Strategy 2020.
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