Human capital and the problems of its reproduction in modern Belarus

  • Marina Bazyleva Belarusian State University of Economics
Keywords: employment, wages, labor motivation, precarious employment, the new economy, labor, vocational training, property, social capital, the subjects of labor relations, technological base, laborhuman capital

Abstract

The subject of analysis is human capital and motivation factors in the Republic of Belarus. The purpose of the study is to determine the nature of human capital and the determination of his motivating factors. Purpose: To determine the nature of human capital, to characterize the place of motivational components in his system, to identify the factors that motivate staff to highly productive labor. Research methods - a system common scientific and private methods of cognition. Results: The definition of the essence of human capital characterize the motivation to work as an essential element of human capital and to consider the role of material motives in its formation. The factors were considered such as GDP per capita, the share of wages in the produced GDP, the share of minimum wages in GDP, unemployment, unemployment benefits, especially pension system. Scope results – activities of management in the field of labor relations. Conclusions: In order to increase the motivational components of human capital necessary to pay attention to the GDP growth, increasing the share of wages in the produced GDP, increase of minimum wages in GDP, improving the mechanism of regulation of the labor market in terms of unemployment and improving the pension system.

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Author Biography

Marina Bazyleva, Belarusian State University of Economics

Bazyleva Marina, PhD, Associate Professor, Assistant Professor of Economic Policy

Published
2019-03-01
How to Cite
Bazyleva, M. (2019). Human capital and the problems of its reproduction in modern Belarus. University Economic Bulletin, (40), 102-110. https://doi.org/10.31470/2306-546X-2019-40-102-110
Section
Еconomic Theory