A modern approach to the methodology of assessing human capital in public administration

Abstract

Today in the economical science there is an increased interest in human capital, its role in the socio-economic development of the society. Also, a gradual change in the main economic principles is considered: a reassessment of importance of various capital types in the economy. The role of human capital is growing every day. In this regard, the issue of an objective assessment of this resource for the practice of civil service is topical. There is a very extensive set of tools to calculate the cost of human capital production, its residual value, growth potential. However, the developed toolkit practically does not take into account the branch features of the manifestation of human capital. Evaluation of the intellectual component in the public sector — it allows to determine the priority ways of developing the social and economic sphere, to develop adequate long-term development strategies. This work considers the main methodological approaches to evaluating human capital for various reasons. They are of a general nature, irrespective of the sectoral specialization of workers. The author’s approach to the evaluation of human capital is also presented. We have put into circulation an additional criterion for evaluation — anindex for the professional development of civil servants, which is a specific mechanism for assessing human capital. The application of the index considered allows us to evaluate the human capital of thecivil service from a new perspective, taking into account the sectoral affiliation.