Human Capital Development - The Key to Success for Albanian Companies

Abstract

Economic development is linked intrinsically with the positive progress of economic entities. Human resources are widely recognized as the totality of employees in an organization, who are responsible for the latter’s performance and further growth. Business operation is entrusted to employees, despite the results the company may have depending on employees’ skills and competencies. Therefore, there exists a strong positive link between business development and human capital development. Based on the role employees have, and consequently on the need for them to be valuable and productive, lots of effort should be put from the companies since the beginning in finding the best recruitment methods, followed by the best performance measurement policies, development, motivation and integration of employees, so that the company may benefit from their best performance. Aiming to adapt this topic to the reality where we live, this paper includes specific examples on how companies operating in our country treat their “Human Capital”. These examples are accompanied by valuable recommendations based mainly on international literature, so as to better orientate enterpreneurs towards contemporary policies of human resources management.

DOI: 10.5901/ajis.2014.v3n6p101