Mechanism of Development of Human Capital Within Human Resources Management of Modern Organization

Abstract

The purpose of the research is the analysis of global practice of development of human capital within human resources management of modern organization and creation of mechanism for development of human capital within human resources management of modern organization. Empirical base of the research consists of the results of comparative international study of practice of human resources management CRANET (Cranfield Network on Comparative Human Resource Management), held by Cranfield School of Management (Great Britain). The authors also use the methodology of evaluation of qualitative index of social investments. As a result of analysis of involvement of organizations into the development of human capital within management of human resources and social responsibility of business in developed and developing countries, the authors come to the conclusion that developed countries pay significant attention to social responsibility and development of human capital, while less than 30% of business in developing countries pay attention to this issue. Therefore, there is a necessity for creation of the mechanism of development of human capital within human resources management of modern organization, which could be successfully used in developing countries. In order to solve this problem, the authors create the mechanism for development of human capital within human resources management of modern organization, which supposes substantiation of necessity of transition to a new humanist-oriented approach to human resources management and contains recommendations as to implementation of this approach in modern organization. Implementation of this mechanism will allow creating conditions for development of human capital in modern organizations of developing countries and increasing their social responsibility.

DOI: 10.5901/mjss.2015.v6n5s2p399