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Financial Analytics: Science and Experience
 

Evaluating the condition of the human resource component of the region's innovative development

Vol. 9, Iss. 21, JUNE 2016

PDF  Article PDF Version

Received: 18 June 2015

Received in revised form: 23 December 2015

Accepted: 22 March 2016

Available online: 15 June 2016

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: I21

Pages: 2-12

Kruglov V.N. Institute of Management, Business and Technologies, Kaluga, Russian Federation
vladkaluga@yandex.ru

Paukov S.A. Institute of Management, Business and Technologies, Kaluga, Russian Federation
srg_pkv@mail.ru

Importance Considering sanctions the global community imposed on the Russian Federation, it became especially important to find possibilities and resources for innovative projects at the regional level. Search for resources, financial, material and staff planning become vital areas of the innovative development in the real economic sector. This issues grow even more important considering limited resources needed to implement the existing investment projects in the Russian regions.
Objectives The research evaluates the current staffing needs of the region, identifies trends that are typical of such staffing sources as educational institutions in the Central Federal District.
Methods We conducted an analysis by calculating absolute and relative indicators, comparing the way they changed through time, and using tables and graphs for data presentation.
Results As we find out, the regions of the Central Federal District need personnel to effectively implement intended investment and innovative projects in the regions. The Kaluga oblast and other regions in the Central Federal District has been seeing the stable reduction in educational institutions and the number of their students for the recent seven years.
Conclusions and Relevance When the number of investment projects increases and the availability of high professionals is neglected, it may lead to the shortage of appropriate staff. Industrial development should run concurrently with a growth in the number of specially trained specialists for the real economic sector. In case of disparity between them, the regional administration will have to undertake aggressive head hunting methods in various areas.

Keywords: innovation, innovative development, staff training

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