The basic provisions of the existing concept of innovative development of industry-specific economic systems are reported. A methodological premise of using a human capital management model in the context of improving the concept of innovative development of industry-specific economic systems is studied. The role of human capital management processes is analyzed in terms of innovative development of industry-specific systems. The results of human capital management in an industry-specific economic system are provided as an example of higher vocational education for the benefit of innovative development of the system. The basic criteria of human capital management in the industry-specific economic system are shown. Conceptual guidelines of innovative development industry are presented as an example of the industry-specific economic system of higher vocational education.