Educational Factor of Human Capital: Key Point for Sustainable Development and Strategic Competitiveness in Kazakhstan’s Metallurgical Enterprise

This research analyzes “educational” factors influencing the human capital of a labor collective from Karaganda Metallurgical Plant from the perspective of the enterprise’s potential qualitative development. The purpose of this article is to consider the importance of educational factors in understanding the concept of “human capital” by employees of the enterprise. An additional goal is the description of various factors, influencing satisfaction with the educational component. The authors tested the following hypothesis: the factor of education directly affects employees’ satisfaction with the level of human capital development at the enterprise. The research results are based on a personnel survey about level of educational satisfaction, its quality and its accessibility. The main analysis tool to verify the stated hypothesis was structural modeling in the Smart PLS. The analysis of the research results revealed dissatisfaction from a significant portion of the respondents with the approaches to vocational education established at the enterprise, despite the fact that a high importance of the educational aspect in human capital formation was confirmed by the respondents during the hypothesis testing procedure for same survey’s results. The identified problems were explained by a discrepancy between the manufacturing tasks and the skills and knowledge acquired by the respondents. This research has the potential for development within the framework of company policy analysis in the field of education.