The Essential Impact of Human Resources in Business - comparison between Albania and Bulgaria
Abstract views: 16
/ 
PDF downloads: 19
Keywords:
Impact, Human Resources, Investments, Sustainable Development, Strategic RoleAbstract
In today's fiercely competitive corporate world, human resources play a pivotal role.
People's capacity for innovation and creativity is still crucial to the success of an organization, even in the
face of automation and technological advancements. Achieving excellent corporate performance and
preserving competitiveness needs deliberate investments in human resources.
However, these investments are frequently reduced during difficult economic times like recessions.
The challenge faced by contemporary organizations is striking a balance between globalization,
competitiveness, and human resource investment.
To increase competitiveness and achieve corporate success, there is a growing emphasis on human
capital, namely the knowledge and abilities of professionals.
In the contemporary corporate environment, investing in human resources is crucial to an organization's
ability to grow sustainably and operate successfully.
By concentrating on the growth and administration of human resources, organizations may adjust to
shifting circumstances and eventually achieve long-term success.
Downloads
References
A. Damyanov, Problem perspectives of the world economy. Business Management magazine, Svishtov. Vol. 4 (2), pp. 5-17, 2009.
E. Trifonov, A look at the development of economic theories. Ruse University "Angel Kanchev", Ruse, p. 264, 2004.
M. Boneva, The human factor in service business - roles and directions. Research Papers of Ruse University, Vol. 52 (5.1), pp. 133-152, 2013.
M.C. Meyers, M. van Woerkom, J. Paauwe, and N. Dries, HR managers’ talent philosophies: Prevalence and relationships with perceived talent management practices. The International Journal of Human Resource Management, 31(4), pp. 562–588, 2020.
P. Kanev et al., A study of human resources in large business organizations. Scientific Research Almanac, Svishtov, p. 396, 2012.
D.G. Collings, and K. Mellahi, Strategic talent management: A review and research agenda. Human Resource Management Review, 19(4), 304–313, 2009.
J.A. Schmidt, D. Pohler, and C.R. Willness, Strategic HR system differentiation between jobs: The effects on firm performance and employee outcomes. Human Resource Management, 57(1), 65–81, 2018.
I. Panteleeva, Some challenges to human resources in the conditions of intensive innovation development of economies. Management and Engineering. Scientific and Practical Conference, Sozopol. Vol. 10, 214-231, 2010.
