Factors Influencing Investments into Human Resources to Support Company Performance

Abstract

Human resources are very important in a business; however, the return on investment in human resources is longer than in fixed assets, so entrepreneurs frequently consider how much to actually invest. This article, based on primary research, examines the motivations for investment when a 20% profit is typically invested with a model return of around 14%. Those findings are supported by the results presented in Archetype models based on similarity clustering. The results are based on an empirical study (278 respondents, omnibus survey) in the Czech Republic. Moreover, the study concludes that the business experience positively influences human resource management and future development to increase the investment share. In essence, this article displays the paramount importance of human resources and human resource management in the international business environment, demonstrating that investments in human resources are crucial to the success of all businesses, positively and consistently supporting organizations’ performance, and entrepreneurship will continue to remain a vital component of the activities belonging to the post COVID-19 era. In addition, in an era governed by the influences specific to the knowledge-based society and the knowledge-based economy, in which intellectual capital will be considered one of the most relevant intangible assets of entities all over the world, the measurement of human resources investment will turn out to be essential for the success of all businesses, while taking the necessary steps in supporting sustainability, sustainability assessment and Sustainable Development Goals (SDGs).

Innovation and international business: A systematic literature review

“…Future studies could offer more evidence about different topics in the internationalization area (for instance, innovation network adaptation, economic performance, social media, stakeholders, and corruption). Also, the importance of human resource management in the international business context should be reviewed in the near future [ 139 ]. In the same way, the majority of the studies have examined outward firm internationalization; however the phenomenon of inbound internationalization is limited and, as Bianchi and Stoian [ 140 ] add, innovation drives that inbound internationalization.…”

The Influence of Science Technology Engineering Arts Mathematics-Based Psychological Capital Combined With Ideological and Political Education on the Entrepreneurial Performance and Sports Morality of College Teachers and Students

“…Therefore, the people involved in entrepreneurship in the sample are younger, which is inconsistent with the latest research conclusion of Veselinovic et al (2022) on entrepreneurs. Younger entrepreneurs may be more adventurous ( Šebestová and Popescu, 2022 ). Older entrepreneurs tend to be more cautious when starting a business because of their family ties.…”

Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic

“…These principles contribute to increasing the productivity of the travel business and SMEs in the tourism sector in the North Toraja Regency. Human capital, investment in entrepreneurial leadership, and innovative work behavior are critical elements to the success of all businesses [117,118]. Furthermore, business innovation, economic digitization, technology utilization, business stability and economic-business sustainability are presented in Figure 9 below.…”