Qualified Employees Research Articles

Developing an Employee Retention Strategy for Improving Organizational Performance in Zimbabwe: Case of Mashonaland Tobacco Company

This study was aimed at an employee retention strategy for improving organizational performance in Zimbabwe: Case of Mas honaland Tobacco Company. This study was guided by objectives such as to establish the relationship between employee retention strategies and worker performance, to determine factors that influence employee retention, to identify challenges associated with the implementation of the retention strategies and to develop an employee retention model aimed to improve organizational performance at MTC. This study adopted pragmatism research philosophy which assisted the researcher in making decisions in regards to what worked best in finding answers for the research objectives mentioned. A sample size of 218 was determined using Taro Yamane sample size determination method. In this study it was established that the organization have been offering paid time off, incentives, basic salary, career advancement, commissions, rewards and holidays to their employees as a retention strategy. It has been noted that employee retention improves productivity, employee retention increase employee morale and employee retention motivates employees thereby improves their participation. Through the use of employee retention an organization attracts qualified employees. Compensation affects employee retention, organizational culture and structure, ineffective leadership and ineffective communication influence employee retention. Whenever implementing employee retention strategies organizations always face increased resistant to change. Their operations are affected by limited financial resources and budget constraints. Insufficient communication and coordination affect the implementation of employee retention strategy. It has been noted that an organization should pay for performance, have team solidarity in an organization and prioritize recognition of top performers.

СУЧАСНИЙ СТАН ТА ПЕРСПЕКТИВИ ВДОСКОНАЛЕННЯ СПІВПРАЦІ ЗАКЛАДІВ ВИЩОЇ ОСВІТИ ТА БІЗНЕСУ НА ОСНОВІ ПРЕЛІМІНАРИНГУ

The article discusses the issues and analyses the problems of the relationship between higher education institutions (HEIs) and business. The purpose of the study is to determine an effective strategy for cooperation between educational institutions and enterprises for the development of the Ukrainian economy. Considerable attention is paid to the general principles of interaction, the role and methods of cooperation in higher education in Ukraine and the world, the advantages and prospects of such cooperation. The authors analysed modern methods of cooperation between HEIs and enterprises. The experience of cooperation between educational institutions and enterprises in the USA, Germany, Great Britain, and Ukraine is considered. The importance of the triple helix model and modern pre-qualification technology, which consists of searching for employees among applicants and graduates of HEIs and business schools, is noted, and the advantages that enterprises can receive in the future by introducing such technology into their activities are considered. Modern practical recommendations for effective cooperation between HEIs and enterprises in all fields of activity have been identified. Аn analysis of the costs of applicants for training and the payback period for these costs after employment has been carried out. It has been established which specialties are the most relevant today and how having a higher education affects obtaining the best job offers. It is concluded that today in Ukraine, in order to ensure effective training of highly qualified employees, it is necessary to ensure constant cooperation between HEIs and enterprises. This should involve the exchange of theoretical and practical experience with the involvement of applicants in the work of enterprises not only during practical training but also when teaching professional disciplines.

Внедрение передовых производственных технологий в России и оценка компаниями их влияния на рост производительности труда и эффективность производственного процесса

The urgent need for the transition of the Russian economy to a new technological structure under the influence of the current geopolitical and economic-political situation, as well as the strengthening of import substitution processes, poses the task of a qualitative breakthrough in the introduction of modern processes in industrial production and in the economy as a whole. The gen-eral process of the fourth industrial revolution involves the widespread introduction of robotic, au-tomated systems, and artificial intelligence, linked into single complexes interconnected by commu-nications and cloud storage systems. On the one hand, this process can lead to a massive release of labor resources from traditional blue-collar professions. From another point of view, it creates a large number of new professions to serve new directions and solve new problems. However, the answer to the question of the economic feasibility of introducing such technologies is not clearly positive. And here there can be quite unexpected results when the seemingly obvious benefits from the imple-mentation of certain modern solutions of the sixth technological order for specific organizations or industries are not confirmed. In our work, we use surveys of Russian companies for 2022 to assess the current stage of implementation of production and digital technologies. It has been established that the introduction of modern solutions that lead to the transition to a new technological structure is, in some cases, characterized by a negative effect and lack of improvements in labor productivity. Our observation contradicts the generally accepted idea that automation, digitalization and robotiza-tion will lead to the release of a significant number of workers. Moreover, among the key reasons hindering the implementation of advanced technologies, companies cite the lack of qualified per-sonnel and the inability to hire employees with the required level of knowledge and skills. In other words, we are observing a shortage of highly qualified employees against the backdrop of a rather contradictory effect of innovation in terms of freeing up labor. The introduction of technologies such as artificial intelligence or the Internet of things in most cases is characterized by the absence of a positive impact on the efficiency of internal processes and labor productivity. Our observations lead to the conclusion that there is no prospect of a labor surplus in the labor market due to the ongoing processes of the fourth industrial revolution according to Schwab.

Digital ecosystem of Russian Agricultural Bank as an innovative platform for sustainable development of the agro-industrial complex

The digital ecosystem for the agro-industrial complex emerged as a platform that unites agrarians from all regions of Russia and stimulates the promotion of agro-technologies in rural areas. The successes demonstrated by the agribusiness sector since 2017 need to be consolidated and developed, which is why a unique industry ecosystem “Your Farm” was built on the basis of the Russian Agricultural Bank (RusAg) in the conditions of digital interaction. The digital platform is a unique megaservice that unites farmers and allows them to solve questions on the sale and supply of agricultural products. It is also used to attract various types of state support, find or train qualified employees, develop agro-tourism and promote rural areas. It also allows farmers to form a real estate database. RusAg ecosystem continues to develop and expand its services, the number of users of the platform’s services is increasing, the popularity of rural lifestyle is growing. The “Your Farm” digital ecosystem has turned an industry bank into a technological platform. It promotes technical modernization of the agro-industrial complex, expands its export potential, attracts specialists to work in rural areas, and improves the quality of life in the regions.

A Study on the Implication of E-Accounting in Modern Business

Electronic Accounting (E-accounting) is considered a new concept in the field of accounting. E-accounting replaces paper with electronic sources for accounting records and documentation. It retains a lot of time, zeal, paper and funds for any type of organisation. New software for recording accounting transactions is released every day which is giving technological improvements. E-accounting is characterised as the use of Internet technologies and online applications for business accounting. Additionally, it helps organisations maintain their accounting software and financial data in a secure manner while granting authorised users real-time access regardless of location or computer platform. The objective of the paper is to understand the basic concept of E-accounting, the characteristics of E-accounting, its benefits and drawbacks, and its conclusion. The purpose of this study is to shed light on the implications of E-accounting in modern companies. The review of related literature that was used to develop the study’s theoretical framework served as the secondary source of data for this report. According to surveys, many businesses fail not just due to low-quality products, a lack of qualified employees, or managerial problems, but also because of bad accounting procedures. It has been determined that the company needs to switch to current accounting procedures from outdated ones.

Developing a Neural Network to Assess Staff Competence and Minimize Operational Risks in Credit Organizations

The paper is devoted to the issues of controlling the operational risks of credit organizations associated with employees. One of the leading sources of operational risks associated with the actions of staff is insufficient employee qualification. This can cause a reduction in the accessibility and quality of the services offered by credit organizations, as well as potential financial and reputational losses. The goal of the study is to create an artificial neural network using a high-level Keras library in Python that would automatically monitor the level of critical personnel competence given its impact on the occurrence of operational risk events. The research objectives encompass analyzing employee competence indicators' influence on operational risk occurrence, identifying key indicators for an artificial neural network, determining its architecture, creating datasets, and conducting comparative analysis of trained neural networks. The article outlines the primary set of indicators producing the greatest impact on the possibility of the emergence of operational risk associated with the actions of the credit organization's employees. The paper also presents the results of testing the generated sets of training and test data using application software packages that implement mathematical methods to assess the consistency of the generated data sets. Graphs showing the results of training and testing of the constructed neural network are provided. The research findings are novel and can enable credit organizations to majorly automate the monitoring of personnel-related operational risk.

MANAGING EMPLOYEE COMPETENCIES IN CRISIS CONDITIONS ON THE EXAMPLE OF A MANUFACTURING COMPANY

Managing employee qualifications and competencies is an important element of all management activities and organizational policy. The subject of the research is the process of qualifications management and effective employment planning. The set of elements and factors that make up the human resources management process in a manufacturing company is taken into account. The aim of the article is to diagnose the current state and propose actions aimed at improving the qualifications management system and the personnel management planning system in a selected manufacturing company. Based on the conducted research process, it was concluded that it is advisable to place particular emphasis on the development of non-material incentive mechanisms in the proposed activities.

Determinants of organizational and employee psychosocial spectrum: A bibliometric analysis

Purpose. This study aims to analyze the correlation between organizational climate determinants, emotional intelligence, leadership skills, and employees’ psychological well-being towards a positive organizational psychosocial spectrum. Methodology. This is carried out through the bibliometric analysis approach, intended to help uncover collaboration trends, relationship patterns within extensive data, and to identify knowledge gaps. To achieve these objectives, a quantitative approach is adopted using a cross-sectional survey design. The research sample involves employees from various hierarchical levels within private companies. Data collection is conducted using a survey instrument implemented through the Google Form application. Respondent data is selected randomly and analyzed using descriptive statistics to portray demographic profiles and respondent characteristics. Moreover, a multiple linear regression analysis is utilized to examine the relationship between predictor variables and explanatory variables. Findings. The analysis results indicate a significant connection between predictor and explanatory variables. Implications for practice. The practical implications are that the management can provide guidance patterns for workplace improvement and employee quality of life enhancement. Originality. This study explores intricate and relevant relationships within current workplace issues.

Impact of Symmetrical Internal Communication on Determinants of Organizational Employee Performance

The impact of Symmetrical Internal Communication on employee performance factors is explored in this study. Quality employee relationships and supportive attitudes toward the organization could be the outcome of excellent Symmetric Internal Communications. Scholars of public relations have validated this link. As a result, there is a lack of studies on the mechanisms via which Symmetrical Internal Communication affects Employee Performance. However, few researchers look into the aspects that may aid businesses in designing a Symmetrical Internal Communication system in order to improve Employee Performance. Internal communication that is symmetrical adds to employee performance, which, in turn, is a predictor of employee satisfaction with their work Symmetrical Internal Communication and organizational identification on employee performance, providing an integrative conceptual framework and suggesting an improved direction for future research using Symmetrical Internal Communication and Social Identity theory from the perspective of employee communication behavior. 385 employees from various organizations in the Colombo district participated in an online poll. The sample included personnel from the Industry, Service, and Agricultural sectors. The questionnaire contains questions that examine a variety of phenomena, such as respondents’ demographic profile, Symmetrical Internal Communication Characteristics, and Employee Performance.

Pengaruh Good Corporate Governance, Kinerja Keuangan dan Retention Ratio terhadap Harga Saham

Good Corporate Governance (GCG), Financial Performance, and Retention Ratio are essential factors that can influence stock prices. Good GCG can enhance investor confidence and drive positive financial performance. Strong financial performance can increase the company's value and attract investors to buy the company's shares. A high Retention Ratio indicates that the company can retain quality employees, which can enhance productivity and profitability. This research aims to analyze the influence of GCG, Financial Performance, and Retention Ratio on Stock Prices. The method employed is quantitative. The population used in this study is the LQ45 companies listed on the Indonesia Stock Exchange for the period 2017-2021, totaling 45 companies, and the sample criteria selected 17 companies. Data analysis utilizes descriptive statistics, panel data regression model estimation, classical assumption tests, hypothesis testing, and MRA using Eviews 12. The results indicate a significant influence of the Retention Ratio on Stock Prices, with the statistically higher t-value compared to the t-table (2.663118 > 1.99006). However, variables such as the Board of Directors, Independent Commissioners, Return on Assets (ROA), and Earning Per Share (EPS) do not demonstrate a significant influence on Stock Prices as their t-values are lower than the critical t-value (t-value < 1.99006). The correlation results show that 88.3% of the variation in Stock Prices can be explained by the independent factors examined in this study, while the remaining 11.7% may be influenced by other unmodeled factors. These findings provide valuable insights into understanding the factors affecting company stock prices and underscore the importance of profit retention in the context of a company's market value.

Нові підходи до оплати праці державних службовців в Україні

Нові підходи до оплати праці державних службовців в Україні

Effectiveness of Major Assignment and Employee Function in Unitary and Political Agency of Poso Regency

The problems discussed in this research are the ineffectiveness of the implementation of the main tasks and functions of the National Unity and Politics Board which indicates the low quality of employees, the employment relationship which tends to be personal, the placement of employees who pay less attention to the skills and skills aspect, the division of work that is not specialized with good, and facilities and pre-facilities that have not been sufficient and not distributed in accordance with the needs of the work unit resulting in overlapping authority. this study aims to determine and analyze the effectiveness of the implementation of basic tasks and functions of employees at the National Unity and Politics of Poso district. This research uses descriptive qualitative method with unit of analysis of National Unity and Political of Poso Regency which use key informant counted 6 people. Steers revealed that there are three aspects in measuring the effectiveness of employees, namely Adaptation Capabilities / Adaptation, Job Performance, and Job Satisfaction. The results showed that the effectiveness of the implementation of the main tasks and functions of employees viewed from the aspects of Adaptability / Adaptability has been quite effective, while the aspect of Work Achievement has not been effective. Furthermore, on the aspect of Job Satisfaction is also not effective. Therefore, the authors suggest that the leaders make education and training programs for employees in improving their ability and the need to improve the level of discipline of employees in carrying out their main tasks and functions. In addition, the leadership should be more professional in working without discriminating subordinates in reward and punishment.

PROMOTION OF TRANSCARPATHIAN TOURISM SERVICES AS AN ACTIVATOR OF THE REGION'S DEVELOPMENT

Objective. The objective of the article is to determine the significance, directions and consequences of the promotion of tourism services in Transcarpathia as an activator of the region's development. Methods. The following methods and techniques of cognition are used in the research process: theoretical generalization and comparison, analysis and synthesis, induction and deduction, generalization and systematization. Results. The importance of promoting tourism services in Transcarpathia as an activator of regional development lies in the fact that without high-quality promotion, regional tourism services will not be able to reach the appropriate level of development and gain a competitive position, which for this region implies the loss of economic and social opportunities to use natural and recreational opportunities and resource potential. Promotion of tourism services is one of the most difficult and important stages of activity in the tourism market. For the successful promotion of tourism services, the following preliminary activities and conditions must be ensured: development of interesting tours, supported by a number of services; organizing the sale of tourism products taking into account the characteristics of the tourism market; searching for new opportunities, developing new tourism offers; updating the tourism product by improving services, taking into account fashion, market trends; taking into account the price-quality ratio of tourism products; increasing market share by improving product quality and attracting qualified employees; attracting investments; expansion of the tourism product range; marketing and advertising strategies, etc. As for specific areas for intensifying the promotion of tourism services in Transcarpathia, at the regional level a regulatory document “Program for the development of tourism and resorts in the Transcarpathia region for 2021 – 2023” was adopted, providing for the implementation of directions for promoting tourism services in Transcarpathia as an activator of the development of the region through solving a number of problems. At the regional level, specific tasks are solved to promote tourism services in Transcarpathia with the help of such tools as participation in exhibitions, forums, conferences, PR (production of information publications and films about the tourism and recreational industry of the region), formation of a tourism brand (image of the region), attraction and preparation personnel for organizing tourism services. The consequences of the implementation of the presented directions for promoting tourism services in Transcarpathia is that they contribute to the development of the tourism industry and its infrastructure, which covers hotel, restaurant, transport, trade, entertainment and other areas of economic activity in the region. The tourism industry ensures an increase in employment levels, the preservation and development of cultural potential, the preservation of an environmentally friendly natural environment, and also contributes to the harmonization of relations between different countries and regions.

Digital Economy Empowering the Transformation of Hainan's Modern Service Industry

In the context of the digital economy, the development of Hainan's modern service industry faces problems such as rising resource factor costs, shortage of high-quality talents, low service efficiency, and slow industrial digital transformation. Based on the connotation of digital economy empowering the transformation of modern service industry, starting from the development status of Hainan's modern service industry, this article uses SPSS software to research and analyze the influencing factors of Hainan's modern service industry transformation under digital economy empowerment, and then proposes countermeasures for the main influencing factors. This study found that technological innovation capabilities, employee quality, brand reputation, market demand and consumer trends were the main influencing factors for the transformation of Hainan's modern service industry under the empowerment of the digital economy. This article puts forward corresponding transformation suggestions for these influencing factors.

PENGEMBANGAN SUMBER DAYA MANUSIA UNTUK PENINGKATAN KUALITAS PEGAWAI DI PT KERETA API INDONESIA (PERSERO)

PT Kereta Api Indonesia (Persero) has established an HR development program. The company's main goal is to transform the employee perspective into a service provider perspective by fostering high-level expertise, increasing individual productivity, and enabling them to better contribute to initiatives aimed at increasing business success. The purpose of the research is to find out the HR development programs carried out by PT Kereta Api Indonesia (Persero) to improve the quality of employees. The method used is descriptive qualitative with data collection through literature study. The results showed that PT Kereta Api Indonesia (Persero) has a human resource development strategy, including a quality recruitment process by finding qualified candidates through job fairs at various prestigious universities and competency-based education and training (Diklat) programs held in stages, starting from the professional growth stage to the development of fundamental competencies through six available training venues.

Separate ways of providing the forensic institution with qualified employees

The article deals with the topical issue of providing qualified employees to forensic expert institutions of Ukraine. It was determined that personnel policy is an integral component of the country’s economic system. According to the authors, modern approaches to the management of organizations require organizational changes in the priority areas of personnel development, including the processes of recruitment, selection and placement of personnel. It is noted that the selection and placement of employees in a forensic institution, being a direct expression of the division and cooperation of labor, is created by the institution’s team. The expediency of forming a collective has been proven, taking into account not only the professional, business and personal qualities of each of its members, but also the effect of their combination psychological compatibility, which helps employees to work quickly and successfully with each other. It is noted that the rational arrangement of personnel is the distribution of employees by positions, in which the discrepancy between a person’s personal qualities and the requirements for the work performed by him is minimal without excessive or insufficient workload. The purpose of the article is to highlight the ways of selection and placement of professional personnel as one of the directions of providing a forensic expert institution with qualified professional employees. To achieve the goal, general scientific methods of theoretical generalization, comparison, system analysis and formalization were used. The issue of effective provision of training by qualified personnel of forensic expert institutions of Ukraine was considered. The process of personnel selection, possible methods used for this process are considered in detail. The system of errors that are allowed in the personnel policy of forensic institutions and possible options for solving them are separately defined. Ways to overcome staffing errors that are more effective are proposed.

Labor cost stickiness and managerial decisions on human capital adjustment

PurposeOn the basis of labor economics theories, this study examines how adjustment in human capital accounts for labor cost stickiness.Design/methodology/approachThis study makes use of employee education level as a measure of the quality of human capital and relies on data from Chinese public firms to conduct the empirical test. This study focuses on two important components of labor cost changes: one corresponding to the adjustment in the number of employees (capacity adjustment) and another corresponding to the adjustment in the mix of employee education levels (quality adjustment).FindingsThis study reveals that labor cost changes driven by the adjustment of employee education level are sticky. This stickiness cannot be explained by the standard adjustment cost theory. This further shows that firms that actively adjust their employee quality during downturns experience improved future performance. The findings are robust to alternative measures and specifications.Originality/valueThis study provides new evidence for and insights into the cost behavior literature. Previous studies treat input resources in a homogenous way and focus on the effect of capacity adjustment. This study considers the heterogeneity of resources and examines three dimensions of salary cost adjustment: capacity, structure, and unit cost. In line with the economic theory of sticky costs proposed by Banker et al. (2013a), the study’s evidence sheds light on the additional underlying economic mechanisms driving cost stickiness behavior. Specifically, managers asymmetrically adjust both employee structure and average salaries, in addition to employee number. This study also adds to the existing knowledge of the consequences of managers' actions regarding cost behavior.

The Promotion and Development Direction of Cultural Tourism Industry for the Recovery of Xi'an's Tourism Industry in the Post Epidemic Era

Impacted by the epidemic, Chinese all aspect of economy including tourism has been influenced deeply between 2019 and 2022. In order to recover Chinese economy under post-pandemic era, tourism needs to learn from the pandemic and previous developments and innovate to quickly return to pre-pandemic conditions. Our group focus on Xians cultural tourism industry, which is one of the characteristic places of Chinese cultural tourism, in order to fine its cultural tourism development potential and give some suggestion to improve its attraction and competitiveness and to maximize its economic benefits. By analyzing the data from Xinhua News Agency and other authority website and investigating the development status of Xi'an's cultural industry, we find out that Xian needs to overcome the problems of low profit from tourism revenue, lack professional personnel, serious loss and difficult recovery and the impact of the lingering temperature of the epidemic. In terms of the questions, Xian should change from the aspects of increasing the rate of economic profit conversion, enhancing the professional quality of employees, carrying out crowd control and taking advantage of policy advantages and opportunities. In conclusion, we hope our research could provide inspiration and guidance for the subsequent development of Xi'an's cultural industry.

SKILLS TO SUPPORT SUSTAINABLE DEVELOPMENTAND ENTREPRENEURSHIP - SOME OF THE IMPORTANT COMPETENCIES IN THE EDUCATION OF PLANT PROTECTION

The process of formation of initiative and entrepreneurial attitudes, of the ability to support sustainable development in students from the professional field Plant protection is realized both in the course of teaching various academic disciplines from the curriculum, and through a variety of extracurricular activities. The technology and methodology of this process includes the application of a competence approach in combination with interactive methods, which allows and ensures the achievement of the competencies set in the curricula as expected learning outcomes. The article discusses problem-solving tasks which require the use of interactive methods (case study, incident, the method of associations by means of mind maps), as well as other activities aimed at forming a skill to support sustainable development and entrepreneurship. In the training university students we invite business experts and use modern innovative ways of teaching which are in line with the standards applied in European education. The main goal based on the multidisciplinary and interdisciplinary approach is the education of highly qualified future employees, possessing skills and competencies for finding modern technological solutions, for successful planning, organization, implementation and management in the field of plant protection.

INTEGRATION PROCESSES IN UKRAINE AND THEIR INFLUENCE ON THE DEVELOPMENT OF INTERNATIONAL BUSINESS

The topic of integration processes in Ukraine and their impact on the development of international business is important and relevant in the context of the country's economic development. Ukraine's integration with global economic structures, such as the European Union and other regional blocs, opens up new opportunities for international business and has a significant impact on the development of the country's economy. The accession of Ukraine to the European Union and the signing of regional agreements contribute to the increase of trade relations and cooperation with other countries. This stimulates the growth of exports and the attraction of foreign investments, as well as promotes the transfer of best practices and technologies. International companies have the opportunity to expand their activities in the Ukrainian market and use its potential. However, integration also presents Ukrainian companies with challenges related to competition in the foreign market and the need to improve production processes and product quality. For the successful development of international business, it is important to attract foreign partners, introduce innovative technologies, improve the qualifications of employees and develop efficient logistics. Therefore, integration processes in Ukraine have a significant impact on the development of international business, create new opportunities for enterprises, and contribute to the attraction of foreign investments and the transfer of best practices. However, successful management of these processes requires effective strategies, adaptation to international standards and constant improvement of the competitiveness of Ukrainian business. The article examines integration processes in Ukraine and determines their impact on the development of international business; the challenges and opportunities of integration processes for the development of international business in Ukraine are considered.