Original scientific paper
THE EFFECT OF HUMAN CAPITAL ON LABOUR PRODUCTIVITY: A CASE STUDY OF HILDING ANDERS Ltd.
Damira Đukec
; Polytechnic of Međimurje in Čakovec, Čakovec, Croatia
Sven Miroslav
; Hilding Anders d.o.o., Prelog, Croatia
Abstract
In this paper, the effect of selected human capital variables on labour productivity is examined. The term human capital refers to the education and on the job training. In a broader sense, human capital refers to health and values and attitudes (Becker 1994). According to the definition of Samuelson and Nordhaus (2007), productivity is a ratio of a measure of output and some input index, i.e. productivity is an arithmetic ratio of a produced quantity of goods and the quantity of resources that are used in the production. Such concept of productivity implies that it can be seen as output per unit of input or efficiency of the resources that are used in the production. According to Porter (2003), productivity is the best measure of competitiveness. The research is conducted in Hilding Anders Ltd. company. Hilding Anders is the lead producer of beds and mattresses for markets of Europe and Asia with headquarters in Sweden. They entered the Croatian market in 2005 by purchasing domestic company Hespo. On a sample of 101 employees in production, the effect of education, work experience and health on labour productivity has been researched.
Keywords
human capital; education; labour productivity; Hilding Anders Ltd
Hrčak ID:
183410
URI
Publication date:
26.6.2017.
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