Human Capital Management In The Digital Economy

The paper focuses on analyzing the effects of political human capital management as a system of strategic decisions increasing the modern state's competitiveness under the digital economy conditions. The paper aims to identify efficient public management patterns of the development of national human capital in the Russian institutional environment. A circle of matters is problematized with analyzing specifics of quality reproduction, accumulation, and efficient use of human capital, specifics of control over these processes in the age of digitization. Relevant academic discussion of the phenomenon of human capital is analyzed. Its interpretation is a critical asset of strategic changes and the increasing competitiveness of the modern state. The authors use classic theories of human capital and original methodological policies. The research concludes that under the current conditions of fast-moving innovative processes, a demand not as much for hard skills as for soft and digital skills, the state must strive to a comprehensive and strategic approach to the management of people's competences, which implies above all investments in the institutes which facilitate accumulation and updating of human capital. It is asserted that ensuring such a strategic and comprehensive approach requires transforming a system of taking political decisions, reforming the educational infrastructure, personnel development and education, and forming civil readiness to use the benefits of digitization. The paper's special focus is on giving recommendations to public authorities to increase the competitiveness of the modern state in the digital economy age.