UDC 330.45
DOI: 10.36871/2618-9976.2021.04.001
Authors
Slavyanov Andrey Stanislavovich
Candidate of Economic Sciences, Associate Professor, Department of Economics and Production
Organization, Bauman Moscow State Technical University, Moscow, Russia
Abstract
Stimulating employees of an enterprise with an increase in wages can lead to an increase in labor productivity and to an increase in production costs, which can lead to a decrease in the competitiveness of products. To form an enterprise development strategy, it is necessary to assess the quality of human capital, on which the effectiveness of funds aimed at labor remuneration depends. The paper analyzes the production function of the enterprise, on the basis of which it is proposed to measure the quality of human capital by the coefficient of elasticity of labor. The low value of this indicator gives the basis for the activation of investments in the technological modernization of the enterprise.
Keywords
Human capital
Production function
Labor remuneration
Productivity
Competitiveness
