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

Rushan N. Zaripov, Ильнур Марсович Муракаев, Anatoly V. Ryapukhin

2021TEM Journal24 citationsDOIOpen Access PDF

Abstract

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.

Topics & Concepts

Human capitalRisk analysis (engineering)Order (exchange)Production (economics)BusinessKey (lock)Product (mathematics)Performance indicatorMechanism (biology)Capital (architecture)Process managementOperations managementKnowledge managementComputer scienceEngineeringMarketingEconomicsFinanceEconomic growthComputer securityEpistemologyHistoryMathematicsPhilosophyArchaeologyGeometryMacroeconomicsEngineering and Environmental Studies
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