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Development of the Croatian HR Benchmarks List and its Comparison with the World-Approved Ones

Author

Listed:
  • Nina Poloski Vokic

    (Graduate School of Economics and Business, University of Zagreb, Croatia)

  • Maja Vidovic

    (Graduate School of Economics and Business, University of Zagreb, Croatia)

Abstract

Human resource benchmarking has become increasingly important as organizations strive for better performance. Observing, adapting and reapplying best HR practices from others became the essential management tool. The article defines HR benchmarks appropriate and significant for the Croatian business environment, which were predominantly compensation indicators. In particular, the research revealed that Croatian HR benchmarks are different from HR benchmarks used in developed countries. Namely, in Croatia, HRM as a management activity is still emerging and developing, and, as a result, Croatian HR benchmarks are oriented toward basic HR activities.

Suggested Citation

  • Nina Poloski Vokic & Maja Vidovic, 2004. "Development of the Croatian HR Benchmarks List and its Comparison with the World-Approved Ones," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 7(2), pages 55-74, November.
    • Handle: RePEc:zag:zirebs:v:7:y:2004:i:2:p:55-74
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    More about this item

    Keywords

    HR benchmarking; HR benchmarks; HR practices; HR indicators;
    All these keywords.

    JEL classification:

    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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