Development of the Organization's Key Performance Indicators System in Order to Improve the Effectiveness of Its Human Capital and Risk Management

• Main Authors: Rushan N. Zaripov, Ilnur M. Murakaev, Anatoly V. Ryapukhin
• Format: Article
• Language: English
• Published: UIKTEN 2021-02-01
• Series: TEM Journal
• Subjects: key performance indicators; production sustainability; human capital; human resources; risk analysis
• Online Access: http://www.temjournal.com/content/101/TEMJournalFebruary2021_298_302.pdf

In this article, the issues of improving management mechanisms, assessing and identifying the risks of an economic entity's activities by monitoring and analyzing the levels of human capital and the potential of its employees are considered. There is a hypothesis about the existing fundamental tendency of changing the status of employee of organization from the performer of standard operations to the creator of the product and associated risks. A mechanism is proposed for applying a system of key performance indicators (KPI) to assess the levels of human capital and potential in order to manage the production stability and competitiveness of organization, as well as to identify and assess the risks of its activities in time.