Aspects regarding human capital and its influence on the competitiveness of firms in the European Union

Larisa Pantea ()
Additional contact information
Larisa Pantea: PhD, associate professor at International Institute of Management „IMI-NOVA”, Chisinau, Republic of Moldova

CES Working Papers, 2019, vol. 11(3), issue 3, 198-210

Abstract: Human capital represents the source of competitive advantage of a firm. The importance of human capital is acknowledged by firms. However, in an increasingly complex and turbulent environment many organizations face a lot of issues regarding the attraction, retaining and development of their most valuable asset. The approach chosen to solve above mentioned issues influences the competitiveness of the firm. The goal of the paper is to analyse the level and extent of theoretical research regarding the influence of human capital on the competitiveness of the firms, as well as issues related to firms’ human capital development. Moreover, the paper presents the results of studies conducted in different European countries (comprising United Kingdom, Ireland, Netherlands and Sweden) regarding the relationship between investment in employee training and the effects on company performance. It elucidates that training generates positive effects on sales, value added, productivity, net profitability etc. Although the link between investment in human capital and company’s performances is evident, the reciprocal connection – between companies’ investment activities and skills of employees was pointed out.

Keywords: human capital; general training; specific training; firm’s knowledge; company performance (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://ceswp.uaic.ro/articles/CESWP2019_XI3_PAN.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2019:v:11:i:3:p:198-210

Access Statistics for this article

More articles in CES Working Papers from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().