Zubović, Jovan and Jeločnik, Marko and Subić, Jonel (2015) Can human resources induce sustainability in business? Modeling, testing and correlating HR index and company`s business results. Ekonomika poljoprivrede : časopis Saveza poljoprivrednih inženjera i tehničara Jugoslavije, 62 (2). pp. 399-420. ISSN 0352-3462
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Abstract
In this paper the authors analyze the impact of the composite human resource index
on sustainable growth in a specific business sector in a transition country. Sustainability
of country’s economy is growingly relying on the knowledge economy which has been
implemented in strategies of sustainable development throughout Europe. The knowledge
economy is mostly based on human resources and the way they are organized and managed
in the companies actively operating in competitive markets. In order to confirm importance
of the human resources (HR) index, results were tested by means of modeling, measuring and
correlating the HR index with business results at micro level. The tests were conducted on the
data from the survey in Serbian meat processing industry. The results were then compared
with the results from the survey conducted in a financial industry. Moreover, a model was
made that could be applicable in all countries that do not have available official statistic
data on the level of investments in human resources. The focus was on determining the
correlation direction, and hence creating a research model applicable in all business sectors.
It has been found that a significant one-way correlation exists between business performance
and increased HR index. In that way it has been confirmed that in Serbian economy that
has recorded global decrease during transition, certain business sectors, and especially
companies with high levels of investments in improving its HR index record above average
and sustainable growth.
| Item Type: | Article |
|---|---|
| Additional Information: | COBISS.ID=512311138 |
| Uncontrolled Keywords: | investments, HR index, correlation, modeling |
| Research Department: | Welfare Economics |
| Depositing User: | Jelena Banovic |
| Date Deposited: | 16 Aug 2016 04:50 |
| Last Modified: | 03 Apr 2020 18:08 |
| URI: | http://35.240.28.64/id/eprint/622 |
| Author Links: |
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