RECRUITMENT AND SELECTION SYSTEM AS AN INSTRUMENT OF HUMAN CAPITAL VALUE FORMATION
The article analyzes the role that the recruitment system plays in the formation of human capital and its value within the modern Russian company. The article provides the procedure to evaluate the recruitment efficiency according to the human capital value in dynamics. The main principles of efficient recruitment as an essential part of SHRM are also stated. It is actually the recruitment system that provides any organization with staff of a required quality and quantity. In prospect the recruited staff has to be developed and trained by the company to fulfill its needs in the best way that helps to raise the value of the organizational human capital. It is the efficient recruiting that lays the foundation for this value formation. The article compares the human capital value dynamics in companies with efficient and insufficient recruitment procedures. Essential aspects of Russian labor market are taken into account as well