Economic aspects of the formation of human capital in the electric power industry

Abstract

In the world of today, knowledge is the most dynamically developing area of economy. The knowledge is doubled every ten years. The knowledge has always been a precondition for production development. By the beginning of the 21st century, the mankind accumulated so much knowledge that it acquired a new quality and became an independent factor of production. The article in question presents theoretical fundamentals of human capital management in a company; some approaches are suggested for assessment and tuning up the system of investing into company’s human capital. The article proves that it is necessary to spend the company’s money on personnel training in the form of investment projects. This is one of the key assumptions of the contemporary economy and of knowledge economy.