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Formulation and implementation of quantitative assessment of human capital assets in oil and gas companies
Economics and management in fuel and energy complex industries

Authors: Natalia M. ZAZOVSKAYA graduated from Gubkin Moscow Institute of Petrochemical and Gas Industry in 1976 in Applied Mathematics. She holds a Master of Science of the University of North Texas (USA), specializing in social and labor relations. She is Candidate of Sociological Sciences in Economic Sociology. She has published over 30 papers in the field of human resource management. E-mail: nzazovskaya@gmail.com
Maria A. SREBRODOLSKAYA graduated from Gubkin Russian State University of Oil and Gas as Bachelor of Engineering and Technology in 2011. She is studying for Master’s Degree at the Department of Geoinformation Systems. She is holder of the Scholarship of the President of the Russian Federation. Since 2009 she has been working on a research project in the field of human capital assets at the Educational Center for Advanced Training of Workers of Energy Sector. She is author of over 10 scientific publications in the field of human resource management. E-mail: mary_roza@bk.ru

Abstract: Companies have been displaying growing interest in formulating quantitative assessment of the efficiency of investment in human resources. HR specialists want to show how training and development affect the company’s performance. This allows, on the one hand, to assert the costs of training, and on the other hand, to show the importance of investment in the personnel for the company’s strategic production and business development. Managers are currently in need of a tool to analyze situations and make predictions on how investing in the personnel affects the company’s final performance. This article focuses on the formation and implementation of the quantitative indicators system to measure human capital assets as applied to the enterprises of the Russian oil and gas industry.

Index UDK: 331.1

Keywords: human capital assets, system of quantitative indicators, investment in human resource base, return on investment, balanced scorecard, financial performance, social performance indicators, comparison of indicators, effective personnel management

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