SHS Web Conf.
Volume 35, 20173rd International Conference on Industrial Engineering (ICIE-2017)
|Number of page(s)||6|
|Section||Sustainable Development of Industrial Enterprises|
|Published online||26 June 2017|
Cost-based industrial enterprise human capital management
1 South Ural State University, Logistics, Economics and Management in Transport, Supply and Distribution Department of Higher School of Economics and Management, Chelyabinsk, Russia
2 South Ural State University, Accounting, Analysis and Auditing Department of Higher School of Economics and Management, Chelyabinsk, Russia
* Corresponding author: firstname.lastname@example.org
The paper focuses on importance of human capital in development of industrial enterprises, issues of their management and methods of achieving balance between interests of owners and employees. Difference between such concepts as human and labor potential as well as human and working capital is clarified. The special attention is paid to the fact that an effective system of motivation and incentivation of labor is to serve as means of rapprochement of human and labor capital. The authors point out the limited scope of the traditional forms of labor motivation and incentivation mechanisms and highlight the complexity of their encouragement for collective work results. The authors suggest using the cost-based approach to workforce management, which is based on assessment of market and intrinsic value of human capital in view of investment and quality characteristics. The proposed approach is attended by methodological support and operational calculations. The study states that the suggested human capital management model can be introduced into practice, as well as substantiates the necessity for boosting the performance of industrial enterprises and their cost by increasing production, stimulating the staff for selfrealization and self-improvement by bringing the owners’ corporate interests closer to the interests of the employees.
© Owned by the authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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