Formation of a Regional Human Capital Development Policy in the Context of Multifactorial Challenges and Risks

The presented study examines the problems of formation of a regional human capital policy for the innovative economy in the context of multifactorial challenges and risks.

Aim. The study aims to develop a theoretical and methodological framework for the formation of a regional human capital development policy.

Tasks. Through the example of the Northwestern macro-region, the authors examine the dynamics of key indicators of the proportion of the unemployed with different levels of education; analyze the professional structure of graduates from state and private universities; identify the most pressing problems for business; develop a roadmap for the formation of a regional human capital development policy.

Methods. This study uses statistical analysis of key indicators of labor resources formation to identify major problems in the staffing of the economy of the northwestern Russian regions and logical analysis to develop theoretical and methodological provisions for the formation of a regional human capital development policy.

Results. The study shows that there is still a gap between supply and demand in regional labor markets despite the fact that all parties concerned (government, households, business) increasingly invest substantial sums of money in the training of qualified workforce. Nevertheless, the problem of formation of the professional component of human capital remains far from being solved. in this regard, it becomes obvious that interested parties at the level of constituent entities of the Russian Federation should better coordinate their efforts on the development of human capital to meet the requirements of the modern economy. Such coordination should be regulated by a specific direction of the regional policy — the human capital development policy.

Conclusions. In order to solve the problem of formation of the necessary properties of human capital, it is necessary to develop a regional human capital development policy. The structure of the regional human capital development policy should include a target block, a block comprising the main directions and mechanisms of implementation, a block of the so-called flagship projects, and a system for policy implementation management.

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