Effective HR Management as the Most Important Condition of Successful Business Administration

The purpose of the article is to determine perspectives of increase of effectiveness of business administration of modern enterprises by means of improvement of the process of HR management. In order to verify the offered hypothesis, the work uses the methods of factor analysis and methods of correlations and regression analysis. With these methods, the authors determine the contribution of HR management into success of business administration. The authors determine the most important indicators of success of business administration, describe the contribution of HR management into achievement of its effectiveness, and offer the authors’ recommendations for increase of effectiveness of HR management of the studied enterprise. As a result of the research, it was found that effective HR management is the most important condition for successful business administration. That’s why during the process of business administration of modern enterprise, it is necessary to pay special attention to issues related to HR management. Perspectives of increase of effectiveness of business administration of modern enterprises by means of improvement of the process of HR management are connected to growth of the role of personal aspect of human capital.