Modern Issues of Managing Career Growth of Young Talents

In a globalized, technology-driven, and volatile market environment, human capital has become a central resource for maintaining and enhancing competitiveness. According to the Oxford Learner’s Dictionary the term human capital refers to the skills, knowledge and experience of a person or group of people, seen as something valuable that an organization or country can make use of 5. The notion of human capital was acknowledged by Adam Smith in his seminal 18th century work, The Wealth of Nations. He noted that for the formation of talents, their education, training or retraining require a lot of money, and this money must be considered as human capital. These talents are part of the potential of the organization as well as society 2. Jacob Mincer's article is also important, in which the author explains the individual distribution of income among members of society solely as a result of their professional education 4. Young talent represents a foundational pillar of human capital, as it embodies the energy, innovation, and adaptability essential for long-term economic growth and societal advancement. These individuals often bring fresh perspectives, technological fluency, and creative problem-solving skills that can drive productivity and foster transformative change in organizations and communities. Investing in and nurturing young talent ensures a continuous renewal of ideas and capabilities, positioning a nation or institution to thrive in an ever-evolving global landscape.