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An Empirical Research on the Correlation between Human Capital and Career Success: Serbian and Macedonian Banking Sector

Mediterranean Journal of Social Sciences

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Title An Empirical Research on the Correlation between Human Capital and Career Success: Serbian and Macedonian Banking Sector
 
Creator Boshkov, Tatjana
Bishev, Gligor
Rađenović, Zarko
Zezova, Aleksandra
 
Description Understanding the impact of human capital on the achievement of career success is essential for each individual in turbulent times on the labor market. Banking sector also is human capital intensive and plays a critical role for the banks in meeting their goals and offering services to its clients. In the current era of technology, globalization and the general progress principles of "knowledge economy" are ruling. So, each individual in the labor market who wants to build own career, should work on continuous improvement of human capital. This helps their recognition in the increasingly competitive labor market, which eliminates "weak players" since their inability to adapt the modern trends and staff needs. The paper determines that human resource management (HRM) in banking sector must embrace strategic human resource planning programs with all banks strategy. This underlines the essential meaning of designing an effective recruitment policy with these strategies as formulation and implementation of active reward policy. Also, banks should include more active training and development for employees. This paper presents a statistical analysis of the correlation mentioned categories, based on 474 employees, in Serbian and Macedonian banking sector. Analyses such as Chi-square test, Mann-Whitney U, Kolmogorov-Smirnov Z test and linear regression, proving the significance impact of the development of employees' human capital on career success, viewed through different hierarchical positions in a particular sector.

DOI: 10.5901/mjss.2017.v8n1p279
 
Publisher Mediterranean Journal of Social Sciences
 
Contributor —
 
Date 2017-01-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier https://www.mcser.org/journal/index.php/mjss/article/view/9691
 
Source Mediterranean Journal of Social Sciences; Vol 8, No 1 (2017): January 2017; 279
 
Language eng
 
Relation https://www.mcser.org/journal/index.php/mjss/article/view/9691/9330
 
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