The Importance of Funding Resources for Human Resource Development

Leontin Gheorghe () and Elvira Vasut ()
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Leontin Gheorghe: West University of Timisoara
Elvira Vasut: Bega School Sports Club

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 937-944

Abstract: This paper aims at studying the regulation framework in the field of education and continuous training of human resources, appropriate literature, statistical data and carrying out a case study regarding the financing of human resources development in a company that activates in the energy sector. The case study is based on the analysis of the company Colterm S.A. from Timisoara, based on annual data provided for the period 2011-2015. The main conclusions relate to the fact that the expenses forecast regarding the employee professional training is not based on the analysis of training needs, and the company does not use tools to measure the impact of training programs on the company's economic development. Generally, the benefits of training programs are limited to solving legal requirements, obtaining competency certificates, or improving the skills needed for performing work activities by not studying the impact of human resource development on the company's performance.

Keywords: training; human resources; financing; skills; performance (search for similar items in EconPapers)
JEL-codes: K31 M52 M53 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:937-944

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