Human Resources Development and Challenges Faced During Transition in Developing Economies
International Journal of Economics, Commerce and Management (IJECM), Vol. III, Issue 4, April 2015
17 Pages Posted: 27 Jun 2015
Date Written: April 2015
The paper intends to enlighten the challenges of human resources development, faced by post conflict counties that are passing the transition phase from closed to open economies. The study has been developed through an extensive literature survey of Kosovo’s organizations to determine the most common challenges that are being faced through the transition stage. Further, the purpose of this paper is to explore the standing and challenges of human resources development by Kosovo’s organizations. As enlighten by literature review, many challenges may be overcome by different methods and forms that modern (developed) economies are implementing, such as government intervention, vocational and education, social awareness, and also changes within organizations themselves, are the vital aspects that affect human resources and its development. As the era of global economy is reaching all European countries, Kosovo must prepare its human resources potential to face and to be able to overcome new challenges that will be faced, when going global. To be able to unleash the full potential of human capital in Kosovo, the HRM initiative needs to be undertaken, such as its educational system, enhancement of training and development activities, in particularly in management, development, and foremost creating new knowledge based on information and communication technology.
Keywords: Human Resource, HRM, HRD, transitional economies, challenges, strategy
JEL Classification: O15, J24, J41, P20, P21, P27
Suggested Citation: Suggested Citation