The article considers the issue of human capital management as a strategic resource of innovative development. Human capital is analyzed as a factor and determinant of economic development of society on the whole and public production development in particular. The aim of this article is to define the role and significance of human capital in innovative economy. Dynamics of modern processes in the new global economy can be characterized by be-ing innovative, having innovative instruments, presence of endogenous relations of science factor in expended reproduction and growing research intensity of economic progress. Contribution of scientific and technological progress in increase of gross domestic product of the most developed countries according to various sources amount to 75–100%. Consequently, one of the main aspects of innovation importance on the national level is its determinative influence on macroeconomic data. Innovations are strategic factors of economic growth, have positive effect on the structure of public production, can change economic or-ganization of society and the level of innovation development determines competitiveness of national economy and national security. In its turn, dynamic development and fast renovation of scientific and technological bases of modern society can lead to changes of role and place of a person in particular and human capital in general in social reproduction process.
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