Abstract. In the current conditions of increasing intellectualization of the economy, the issues of human capital development have become relevant for many enterprises, which emphasized the importance of developing a system for evaluating it. The article provides an overview of the main approaches to the assessment of human capital and substantiates the importance of a heuristic approach. This approach allows us to assess the relationships between its components reflecting the stages of reproduction based on correlation analysis of the experts’ assessment. Such a measurement of the human capital of an enterprise is of great importance when forming its development strategy. The advantage of the heuristic approach is the sufficient simplicity of the analysis of the human capital at the enterprise, the results of which contribute to the acceleration of the management decision-making process. This approach allows us to determine the most promising areas for investment in the development of the human capital of the enterprise. The methodological basis of the study was the theory of human capital. For the purposes of the research, the methods of case study, expert assessments and questionnaire survey were used within the framework of a systematic approach. A survey of experts regarding satisfaction with various factors of the formation and use of human capital at the enterprise formed the empirical basis. The theoretical significance of the study lies in the fact that the approach used in the work to assess human capital allows us to establish the actual relationship between the stages of its reproduction and to show the impact of its individual stages on the state of the human capital of the enterprise as a whole. This approach allows us to make recommendations for management decisions in the field of strategic development of the human capital of the enterprise. Using the example of the assessment of the human capital of an engineering enterprise, we established that the weakest relationship is between the components that characterize its use and development. The presented assessment of the human capital of the enterprise allows us to make a number of recommendations for the purposes of its strategic development. The practical value of the research lies in the development of a methodology for constructing a model of the human capital of an enterprise, which allows us to determine the strengths and bottlenecks of its formation and use, and thereby identify ways to eliminate barriers to its development.