 INVESTING IN JOB TRAINING IN ROMANIAMalina Lucia Turcut ()
Annals of Faculty of Economics, 2016, vol. 1, issue 1, 435-443 Abstract: This paper is about the importance that training has in Romanian SMEs and the way it can influence their productivity level in the future. The labor market in Romanian economic crisis manifested through a strong reduction in employment and increase in unemployment. Economic recovery followed the 2008-2012 crisis has put companies in Romania difficulty facing an acute shortage of qualified labor force. A measure available to entrepreneurs to mitigate the lack of qualified work force as a result of the effects of labor migration and aging population exacerbated is the qualification at work followed by the training staff. In a modern economy, investment in human capital is crucial to face with technological advances and requirements of a growing productivity. The training has a particular importance to the continuous training of staff. However companies in Romania do not focus on the leverage required for economic development. Training has a direct influence on labor productivity and the quality of production. This was considered to be an essential part of every job and SMEs are using the training in different ways and with varying degrees of success. Traditionally training focuses on technical knowledge, skills and abilities to work performed. Training increases the value of the employee both for the company that supports employee costs and other companies. When making the decision to invest or not in training staff, entrepreneurs also face a psychological factor decisive: the company invests in training risking losing their investment in favor of its competitors if the employee decides changing his job in a short time after finishing the training. Rather they take another way, by recruiting work force which is already formed by another company. But here we return to the first problem, namely the lack of qualified staff and need to adapt to current labor market conditions. Keywords: training; labor force; SMES; education; productivity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2016:i:1:p:435-443 Access Statistics for this article More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.