Training Methods Strategies Across European Companies

Abstract

Abstract A company's competitiveness is influenced by a number of factors, including the suitable training strategy. The effectiveness of a company's training strategy is significantly affected by methods of employee development, among other things. Therefore, this article focuses on which employee development methods are chosen by European companies. Based on a literature review and an analysis of secondary data, the structure of employee development methods in European enterprises is examined. The attitude of firms is analyzed in terms of the use of each method over time from 2005 to 2020 and in terms of firm size. The article provides important insights for further scientific research with regard to the necessity to select appropriate employee development methods. Matching the method with the companies’ requirements can bring an effective training strategy and increase the competitiveness of European companies.