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Analiza HR indeksa u finansijskom sektoru Srbije
[Analysis of HR Index in Serbian Financial Sector]

Author

Listed:
  • Zubović, Jovan
  • Jeločnik, Marko
  • Subić, Jonel

Abstract

In this paper authors analyzed the importance of investments in human resources. This has been done through an empirical study conducted in Serbian financial sector, in which we measure the impact of human resources index level (HR index) on company business results. Research was implemented in such a way as to be applicable for research in all other business sectors. Literature review of other authors showed that during last 20 years similar research has been preformed in developed countries. While in Serbia there is no system for continuous monitoring of investments in human resources, in this paper authors used the model based on Cranet methodology, which has been adapted to business environment in Serbia. Correlation analysis has shown that there is a high level of dependency between business results on the one side and training policy, system for defining training needs, quality human resources department and HR index on the other side. It is confirmed that a high level of HR index in financial institutions in Serbia leads to improved business results of a company. We expect that results from this research lead to allocation of more funds for improvement of human capital, and that they would open a path for continued research of these investments in other business sectors.

Suggested Citation

  • Zubović, Jovan & Jeločnik, Marko & Subić, Jonel, 2010. "Analiza HR indeksa u finansijskom sektoru Srbije [Analysis of HR Index in Serbian Financial Sector]," MPRA Paper 31789, University Library of Munich, Germany, revised Oct 2010.
    • Handle: RePEc:pra:mprapa:31789
    as

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    File URL: https://mpra.ub.uni-muenchen.de/31789/1/MPRA_paper_31789.pdf
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    References listed on IDEAS

    as
    1. Jovan Zubovic, 2007. "Investing in Human Resources," Economic Analysis, Institute of Economic Sciences, vol. 40(1-2), pages 1-4.
    2. repec:bla:scandj:v:94:y:1992:i:0:p:s51-70 is not listed on IDEAS
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    More about this item

    Keywords

    Ulaganje u ljudske resurse; Finansijski sektor Srbije; Korelaciona analiza; Modeliranje;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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