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Sustainability 2018, 10(9), 3211; https://doi.org/10.3390/su10093211

Evaluating the Effectiveness of Investment in Human Capital in E-Business Enterprise in the Context of Sustainability

1
Department of Macro and Microeconomics, Faculty of Management Science and Informatics, University of Žilina, Univerzitná 8215/1, 010 26 Žilina, Slovakia
2
Department of Business Economy, Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 960 53 Zvolen, Slovakia
*
Author to whom correspondence should be addressed.
Received: 13 July 2018 / Revised: 16 August 2018 / Accepted: 5 September 2018 / Published: 7 September 2018
(This article belongs to the Special Issue Sustainability in E-Business)
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Abstract

The enterprises operating in the e-business area represent an example of a sustainable entrepreneurship. These enterprises belong to those for which the people are the most valuable assets. Human capital management (HCM) represents a modern concept of people management that is based on the business strategy. Via measurement and assessment of the effectiveness of the utilization of human capital and effectiveness of investment in its development, this concept leads to the increase of performance and competitiveness of the enterprise within the context of sustainability. As part of the questionnaire survey, we found that enterprises in Slovakia have little use of the HCM concept. Despite the fact that they consider investing in education or training as the main form of investment in human capital, they do not evaluate the effectiveness of this investment in practice. By analyzing foreign studies, we have found that e-business enterprises consider IT education to be very important for their performance, competitiveness, and sustainability. The aim of the article is to explain the nature of HCM and to propose an approach to assess the effectiveness of investment in education as a part of the HCM process. Implementation of the approach was implemented in a fast-growing medium-sized IT and e-business enterprise where education is mainly implemented in the IT field. We also used an internal enterprise data analysis. The proposed example of HCM implementation in the part of evaluating the effectiveness of investment in education and the article can serve as a theoretical and practical aid to human resources managers in implementing the HCM concept. View Full-Text
Keywords: sustainability; human capital management; effectiveness; investment; training; metrics; e-business; revenues; cost sustainability; human capital management; effectiveness; investment; training; metrics; e-business; revenues; cost
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Kucharčíková, A.; Mičiak, M.; Hitka, M. Evaluating the Effectiveness of Investment in Human Capital in E-Business Enterprise in the Context of Sustainability. Sustainability 2018, 10, 3211.

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