Personnel Costs as an Element of Investment in Regional Human Capital

Personnel costs as an element of investment in regional human capital. Remuneration of labor is one of the most complex components of calculating the costs. On the one hand, the costs of labor, in the context of an enterprise, are a part of financial accounting that is governed by the Federal law. On the other hand, the costs of labor are closely connected with such category as human capital that needs to be addressed not just in the context of an enterprise, but at the regional level or even the state as well. Therefore, it is interesting to consider the structure of labor costs at the macro level, in comparison with such indicators as the number of enterprises and the number of the employed in the economy, the volume of sales, the total amount of expenses of the enterprises by sectors of activity, using the methods of time series analysis. The research was conducted in Ural, one of the biggest federal districts of Russian Federation. Urals Federal District includes four ares with highly developed industrial production as well as mineral resources extraction industry. The analyzed tendencies are presented as compared to the primary industrial sectors: agriculture, construction and commerce, all of which took leading positions when forming financial and economic figures of the region. Ural Federal Region is selected for the study, as it combines areas with different dominant types of activity, which allows to consider not only geographical, but also sectoral specificities. © 2017 Published by Future Academy www.FutureAcademy.org.uk