2023 (20), №4

Architecture of Human Capital: Methodological Refinement of Structure-Forming Elements

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Kuzmin, E. A. (2023). Architecture of Human Capital: Methodological Refinement of Structure-Forming Elements. AlterEconomics, 20(4), 822–856. https://doi.org/10.31063/AlterEconomics/2023.20-4.5

Abstract:

There is a lack of unified conceptual understanding of human capital, even though it is a key asset for organizational sustainable development. This study addresses this gap by rethinking and enhancing human capital components through a descriptive unstructured review. The analysis identifies basic elements such as health, education, professional skills, and experience, emphasizing the individual as a foundational asset. The superstructure comprises dynamic qualities such as adaptability, social skills, leadership, creativity, and organi­zational culture, extending the concept beyond traditional bounds. The study proposes a refined classification of human capital, emphasizing both basic and superstructure elements. This approach to human capital management becomes essential to ensure organizations’ adaptability amid growing uncertainty.

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Evgeny A. Kuzmin — Senior Research Associate, Centre of Structural Policy, Institute of Economics of the Ural Branch of the Russian Academy of Sciences; https://orcid.org/0000-0002-8805-135X (29, Moskovskaya St., Ekaterinburg, 620014, Russian Federation; e-mail: kuzmin.ea@uiec.ru).

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