This research is aimed the furthest development of the conception of Human capital formation. The study made on the base of methods of scientific classification and systematization; dialectical method and the method of scientific abstraction, systematic and comparative analysis; expert assessment and ratings. Formation of the competitive human capital is one of the most important goals of modern development of Kazakhstan in condition of the innovative economy construction. In this context the necessity of formation and development of the effective human capital considerably increases. Realization of this requires definition of a technique of measurement of its cost as well. The authors attempt to calculate the value of human capital for Kazakhstan during independency time. In order to determine the methods of its quantitative and qualitative assessment different methodological ways for human capital research are studied. On the basis of the study, it was revealed that formation of the competitive human capital can't be considered in a separation from development and modernization of system of quality education, improvement of the employment sphere, worthy payment for work.

Abstract
 1. Introduction
 2. The Essence of the Concept of Human Capital
 3. Methodological Approaches to Defining theEssence of Human Capital
 4. Methods for Human Capital Assessing Basedon Production Costs
 5. Method of Evaluation of Human Capital on theBasis of Income Assessment
 6. Estimation of Human Capital Cost of Kazakhstanin 2008-2013
 7. Recommendations
 8. Conclusion
 References

• Zaure K. Chulanova(Institute of Economics under the Committee of Science of the Ministry of Education and Science of the Republic of Kazakhstan, Kazakhstan [29 Kurmangazy Street, Almaty 050010, Kazakhstan)
• S. Ussenova(Institute of Economics under the Committee of Science of the Ministry of Education and Science of the Republic of Kazakhstan, Kazakhstan [29 Kurmangazy Street, Almaty 050010, Kazakhstan) Corresponding author