Spending on enterprise creation and development of human capital at different stages of its life cycle

Sources and directions of investment in human capital are identified on the basis of study the life cycle model of human capital allocation stages of formation, development, maturity and decline. It was proved that in productive period of human capital, which includes the stage of development, maturity and priority for businesses, is the cost of implementing additional education programs, improving the achieved level of knowledge, skills, competencies and for ensuring the mobility-staff. The ability of human capital in productive period of life cycle to savings through gaining experience, improving the achieved level of knowledge, skills, competencies and reduce under the influence of internal and external factors determine the degree of involvement of companies to finance the costs of formation and development of human capital.