The Potential of Human Capital`s Development in Russia in the Digital Age

In connection with the forecasted purposes of the digital economy`s development in Russia, as well as investments in the human resources` development for digital economy, there is an actual question how much the digitalization of the society and business can increase the efficiency of the human capital`s work in the Russian Federation and lead it to the level of European countries. In this regard, the purpose of the following work is to determine the potential of the human capital`s development of Russia by 2025 due to the digitalization of its economy. In the following work an indicator of the labour productivity is used as an indicator of the human capital`s efficiency. Three scenarios for the digital economy`s development of the country are presented. It is shown that with the most optimistic scenario of the digital economy`s development in Russia, the efficiency of the human capital`s use has a growth potential by 71.5% by 2025 compared to the value of the following indicator in 2015. It was determined that the efficient use of the human capital in Russia by 2025 will exceed the human capital efficiency indicator in Poland in 2015, and will not reach the productivity indicator in such countries as the United Kingdom, Germany, Spain, Italy, France, Sweden by 3% as of 2015. Keywords—digital economy, digitalization, digital technology, human capital, labour productivity