Development of Human Capital Quality Based on Quantitative Indicators
Development of Human Capital Quality Based on Quantitative Indicators

Author(s): Dana Jašková
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Indicators of human capital; Composite indicator; Statistical method
Summary/Abstract: Human capital represents the knowledge, skills and characteristics of an individual that facilitate the creation of personal, social and economic well-being. Measuring, analyzing and subsequently developing human capital is a prerequisite for the region’s prosperity. Human capital is a set of human abilities and skills that has a direct impact on the potential of social activity. Measuring and monitoring human capital development is an important part of regional policy. This process is complex because human capital is a qualitative characteristic of man. The links, correlations and causal links between the different sets of human resources data are identified. The assessment of human capital levels must be based on many quantitative indicators. This paper evaluates the development of human capital in Slovakia using an aggregated, composite indicator. The composite indicator is constructed using selected weighted indicators. By applying more complex multidimensional statistical methods, the assessed indicators are aggregated into a composite indicator, and its development is then evaluated.

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