THE RELATIONSHIP BETWEEN EMPLOYMENT AND PRODUCTIVITY IN HUMAN CAPITAL THEORY

This article examines the theoretical relationship between employment and productivity within the framework of human capital theory. The study emphasizes that investments in education, professional training, health, and skills development play a crucial role in improving labor productivity and ensuring sustainable employment. Human capital accumulation enhances workers’ competencies, adaptability, and innovative capacity, which in turn increases economic efficiency and competitiveness at both micro- and macroeconomic levels. The article analyzes classical and modern approaches to human capital theory and highlights the importance of active labor market policies aimed at improving employment quality. The findings confirm that higher levels of human capital are directly associated with increased productivity and more stable employment outcomes.