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The significance of competencies in corporate competitiveness and in education

In: FIKUSZ 2008 Business Sciences - Symposium for Young Researchers: Proceedings

Listed author(s):
  • Ágnes Csiszárik-Kocsir


    (Budapest Tech Keleti Károly Faculty of Economics)

  • Mónika Fodor


    (Károly Róbert College)

  • Erika Varga


    (Károly Róbert College)

Human resources (hereinafter referred to as HR) have always been playing a decisive role in economic life. The company’s competitiveness, success and market position greatly depends on its human factor organising and running it from the background. Although competency-based HR practices are rather expensive, it is worth the price as the costs spent on recruitment can only be covered when the most suitable, the most competent applicant is hired. On the other hand, retraining, restructuring and stressing the role of competencies in Human Resources Management are also in the centre of attention and are becoming more and more “fashionable” today. In our opinion companies should invest more money to improve their human resources by means of trainings and education, because it pays off even if in the long run and finally results in comparative advantages. Besides, competencies can also contribute to the employment of young starters or graduates of higher education.

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This chapter was published in: László Áron Kóczy (ed.) FIKUSZ 2008 Business Sciences - Symposium for Young Researchers: Proceedings, , pages 29-40, 2008.
This item is provided by Óbuda University, Keleti Faculty of Business and Management in its series Proceedings Papers of Business Sciences: Symposium for Young Researchers (FIKUSZ) 2008 with number 29-40.
Handle: RePEc:pkk:sfyr08:29-40
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