METHODICAL TOOLS FOR DETERMINING THE LEVEL OF HUMAN CAPITAL DEVELOPMENT

Abstract

Annotation. Methodical tools for determining the level of human capital development have been developed. The managerial approach to measuring human capital aims to gain more management tools. The author hypothesized that there is an interdependence between the human capital index and the development of the country's institutional system. A selection of indicators has been made for describing the dependence of human capital development on the development of the institutional system of the country, which included political, legal, economic, social, institutional systems, using the expert method of analysis. Based on the hypothesis, an analytical model for assessing the development of human capital has been worked out, which was used to calculate the level of human capital development. The model proposed by the author takes into account the development of the country's institutional system and allows to find out correlation between human capital development and the country's institutional system, which allows to develop forecasts of the dynamics of human capital development from political, legal, economic, social, institutional changes and determine public policy. It is steadily increasing. For multifactor models or phenomena, it is expedient to use methods of multiple correlation-regression analysis, which allows to study and quantify the internal and external consequence correllations between model-forming factors and to establish patterns of functioning and development trends of the studied performance trait. In a real economy conditions, there are probabilistic interdependence between performance and factors. The main task of correlation and regression methods of analysis is to analyze statistical data to identify the mathematical dependency between the studied features and to establish a comparative estimate for the density of the interconnection.