employee
Moscow, Russian Federation
student
Moscow, Russian Federation
In this work, a model was developed allowing the assessment of the impact of human capital investment on financial, operational and social performance of the largest Russian oil and gas companies. In the course of applying the model, a positive influence of personnel costs on revenue and net profit indicators has been established. However, statistically significant relationship has been not found between personnel costs and profitability indicators. It was stated that personnel costs are moderately reducing staff turnover, but their relationship to labor productivity requires further study. It has been concluded on the most effective approach to human capital management, which combines the integration of financial and social indicators, the introduction of non-material motivation methods and the use of modern technologies. As a result of model approbation, recommendations were formulated, aimed at improving the efficiency of human capital management in the context of geopolitical challenges and ensuring long-term sustainable development of oil and gas companies.
human capital, oil and gas industry, personnel costs, operational efficiency, assessment model, profitability, financial indicators, social indicators, motivation methods, staff turnover, strategic management
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