Open Access Article SciPap-904
The Strategic Importance of Human Resources Management and the Roles of Human Capital Investment and Education
by Marek Vokoun 1,*, Zdeněk Caha 2, Jarmila Straková 3, František Stellner 4 and Jan Váchal 5

1 Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Okružní 517/10, České Budějovice 370 01, Czechia

2 Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Okružní 517/10, České Budějovice 370 01, Czechia

3 Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Okružní 517/10, České Budějovice 370 01, Czechia

4 Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Okružní 517/10, České Budějovice 370 01, Czechia

5 Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Okružní 517/10, České Budějovice 370 01, Czechia

* Authors to whom correspondence should be addressed.

Abstract: The entry focuses on the issue of strategic importance of human resource (HR) management. The questionnaire survey was aimed at companies from the Region of South Bohemia. The approach to personnel agenda was analysed, as well as the connections to the branches in which the tested businesses were active, the size of the company, the education level of their HR officers, and their company level investments in human capital. A high level of heterogeneity in the data was found and no statistical differences were found in tested hypotheses. However, it was discovered that if the HR department employees have tertiary education, it is a sign of a higher standard and competence level of the department. The higher level of competency and HR planning independence was found in the service sector. This supports the claim that a vast variety of skills is needed in order to provide agenda of life-long learning and professional growth.

Keywords: Czech Republic, Region Of South Bohemia, Human Resources Management, Personnel Department, Human Resources Officer, Human Capital

JEL classification:   I21 - Analysis of Education,   J24 - Human Capital • Skills • Occupational Choice • Labor Productivity,   O15 - Human Resources • Human Development • Income Distribution • Migration

SciPap 2018, 26(1), 904

Received: 5 April 2017 / Accepted: 4 January 2018 / Published: 5 April 2018