A New Approach for Measuring Human Capital and Business Activity at the Enterprises of Chemical and Petrochemical Industry

Anel Ussenova, Nurlan Sailaubekov, Shynara Sarkambayeva, Magbat Spanov and Sadylbek Ussenov

Economic Studies journal, 2023, issue 4, 88-102

Abstract: The paper proposes a new approach to measuring the quality of human capital in chemical (petrochemical) industry enterprises. At present, various qualitative and quantitative methods are presented in academic literature. However, measuring human capital quality in the case under consideration is complicated due to certain industry-specific features including difficulties in obtaining statistics. The methodology presented in this research is an assessment of human capital based on the weighted factors that have the strongest impact on the formation of enterprise personnel according to the authors and further comparison of final indicators with the quality rating table. Thus, the given technique has a comparative nature and can be applied to rank enterprises that operate in the industry analyzed in the study. In general, the theoretical part of the methodology may include n factors. Thus, to test the methodology, the factors mostly affecting human capital formation as well as available in terms of collecting the statistical data are considered. Those factors include: the share of internal R&D expenditures, the share of personnel who attended advanced training, the share of personnel with higher education, and the share of personnel with secondary vocational education.

JEL-codes: M12 M50 M52 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2023:i:4:p:88-102

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