Training as a factor in the development of the organization’s human capital (review of foreign literature)

Abstract

Improving the efficiency of the organization is the primary task of a business focused on strategic development in a competitive environment. This means that it will be difficult for a business to survive and compete profitably in the business world without the availability of resources that fully meet the needs of the market. It is obvious that in such conditions, business owners and business policy makers should give priority to the employees of their organization, ensuring that they are trained and developed in such a way as to ensure a competitive advantage, the effectiveness of the organization and its sustainable development. One of the factors of the organization’s sustainability and a catalyst for increasing efficiency is its human capital. Despite the fact that the development of human capital requires initial capital expenditures, the resulting benefit from investing in it does not raise doubts about the need for investments in employee training and development programs. Therefore, business owners and business policy makers are encouraged to invest in training and development of organizational human capital.