The current issues concerning with investing in human capital

Abstract

This study examines the role of investing in human capital. The author explores the significance of the professionalism as one of the most important indicators of the quality of labor. According to the article the essential features of professionalism are the special knowledge, skills and abilities that should have an employee to successfully perform his tasks corresponding to his qualifications. The author pointed out that abilities determined primarily by the ability to use it in the various technical tools, skills – by success and speed of performance and the level of knowledge – by relevant education and work experience. Valid Labor Code does not provide explicit instructions on training, retraining and advanced training. The author goes on to report about legal framework of the employee training. There are a large number of regulatory acts in different levels in this sphere. However, often these acts are not consistent with each other, they are in many ways contradictory. They do not contain common approaches in addressing the key provisions relating to the rights and interests of employee and employers, nor do reflect the main trends of the market economy. At present, valid labor legislation in training, retraining, advanced training and certification requires a thorough review and improvement. Ukraine needs new legislation of labor relationship in order to promote recovery and formation of high-quality employment potential through comprehensive professional development of each employee. In conclusion the author notes some positive change in the development of training. According to the author the main role in the implementation of the proposed changes should be assigned to the state.