Managemental Aspects of Human Capital Formation in the Russian Federation’s Regions

Human capital against the background of Russia’s rapid transition to the post-industrial phase of society development over the past few decades has become obvious and one of the most important resources of economic development of any territory, including the region. The aim of the study is to develop recommendations on the possibilities and directions of human capital formation in the regions of the Volga Federal District based on the assessment of its development level and analysis of existing problems. The author’s technique created in the context of the study was used to assess the degree of development of human capital in the areas. The management component of human capital production and development in the regions was studied in addition to measuring human capital using qualitative and quantitative indicators. We chose governmental initiatives aiming at the production of human capital in the regions through the health care and education systems, as well as through the domain of culture, for each of the five areas under examination. As a result, recommendations aimed at improving the process of formation and development of human capital of the regions were proposed. These measures are aimed at increasing the birth rate and natural population growth, reducing mortality and morbidity, increasing the effectiveness of pre-school education, general education, secondary vocational education and higher education.