The new challenges that will currently affect the existence and sustainability of businesses stem from the dramatic changes that come from the fourth industrial revolution. Based on the concept of ...intellectual capital management as a resource-based strategic management approach, which leads to the management of structural, human, and relational capital, sustainable human resource management underlines the involvement of partnerships and external relations in learning and personal development processes. Industry 4.0 expects major changes in human resource management and processes such as education. Organizations will benefit from the new knowledge in the near future that will need to be brought into the internal environment of the organization constantly. However, this will require cooperation with the external environment, and the resulting new education opportunities built on cooperation with external partners, organizations, and educational institutions. Innovations as essential factors in adapting to major changes in the environment will be key in all organizational processes, including educational. This paper focuses on comparing highly innovative countries and less innovative countries in Central Europe, analyzing 1482 businesses by looking at differences in attitude towards employee education and individual forms of employee education. The main statistically significant difference is in the strategic approach to employee education and development and the set-up between innovative countries and moderate innovators.
•Employee education level can lower firms’ cost of equity capital.•The role of employee education level in decreasing the cost of equity capital is more pronounced in firms which treat employees ...better and in knowledge-intensive firms.•Employee education level can lower the cost of equity capital by reducing operational risk firms face and improving financial reporting quality.•Employee education level can create capital market benefits for firms.
This study examines the capital market benefits of employee education level and finds a significant and negative relation between a firm's employee education level and cost of equity capital. Our empirical results remain unchanged after applying different measures of variables and addressing endogeneity concerns. Cross-sectional tests show that our main results are more pronounced in firms which treat employees better and in knowledge-intensive firms. Overall, this study presents novel evidence on how human capital creates value for firms and enriches the literature on the cost of equity capital.
This paper examines the effects of human resource quality (HRQ) on multidimensional firm performance of Chinese listed firms. Consistent with the positive role of education, we find that higher HRQ ...contributes to Chinese listed firms with higher return on equity (ROE) and higher market to book ratio (MTB). We address endogeneity concerns with change model regressions, instrumental variable methodology and difference-in-difference analysis. The findings are robust to alternative research designs and different subsets of sample firms. Additional analyses show that the HRQ effects on overall performance are channeled by intermediate performance on productivity, innovation, debt financing and analysts following.
This article examines the current issue of safety culture in the railway industry, in particular, the formation and development of a safety culture on the railways of Ukraine. In the article ...emphasizes the uniqueness of the European model of railway safety culture. The purpose of the study is to comprehensively study the principles, methods and effectiveness of the formation and management of the safety culture in the railway industry. Recommended strategies include leadership commitment, staff engagement, training, communications, security audits, and technology use. A comparative analysis between the EU and Ukraine's railway system points to structural and regulatory differences, emphasizing the need for Ukraine to adapt European practices in the field of safety. The article also offers a structured approach to incident analysis and implementation of security practices, as well as the application of the Plan-Do-Check-Act cycle for systemic security management. These approaches aim to improve safety practices and ensure efficient transportation systems.
Environmentally and economically sustainable strategies are predicted to influence the public perception of a firm's green performance in terms of environmental protection as well as corporate social ...responsibility as a whole. We empirically tested this prediction with the data from 214 Chinese manufacturing firms. Our empirical findings showed that firms' environmentally sustainable strategies are more important compared with the economic ones in shaping firms' green performances. Moreover, we also found a significant moderating effect of employees' education on the relationship between the two sustainable strategies and firms' green performances. We explain the findings and conclude with a discussion of the implications of our findings for academic researchers and practitioners.
In facing business competition in the cement industry, PT Semen Baturaja (Persero) Tbk is making creative and innovative breakthroughs. Poor procurement planning, competence in the procurement of ...goods and services, hard skills and soft skills, ineffective coordination between divisions, low culture and work discipline, as well as ineffective education and training are the main causes of the ineffective implementation of the e-Procurement system in the company. Employee performance in the e-procurement division is a concern in this study. This study aims to determine the influence of competence, education, training, and employee placement partially and simultaneously on employee performance at PT. Semen Baturaja (Persero) Tbk. This study uses a quantitative approach with a confirmative survey method that is descriptive and uses verification. The population and sample of this study is all employees in e-procurement division, as it uses a census sampling technique, amounting to 105 respondents. The data is gathered using questionnaire, documentation, and observation method. Furthermore, the data is then processed using SPSS 24 application. The results of this study show that employee competence, education, training, and employee placement had positive effects on employee performance. The strategy to improve employee performance will be effective by first providing technical training to improve competence in the e-Procurement division, then rearranging the placement by paying more attention to the suitability of individual competencies, expertise, and abilities in carrying out the e-Procurement Standard Operating Procedure.
The digital transformation of manufacturing companies is a huge driver of complexity in organizational structures and processes. Challenges such as an increasing number of variants, rapid changes in ...technology, and a multitude of interfaces between IT systems within companies require changed qualifications in the workforce. Employees lack a profound understanding of the added value that digitalization can bring to the company and themselves. To address these challenges, simulation games are a suitable approach. Simulation games are active learning methods that simulate real systems in an artificial environment. The goal is to give employees the opportunity to gain experience and make decisions without creating a pressure situation or endangering the real production system. This enables them to better understand, evaluate and design real systems. In order to make optimal use of simulation games in manufacturing companies, they should be customized to the company and its employees due to individual processes and structures. This paper presents a procedure model for designing a concept of individualized simulation games for manufacturing companies in the context of digitalization. It starts with the identification of requirements. Subsequently, the requirements of the individual elements are combined into a holistic simulation game. The piloting of the framework is presented using an example from industrial practice.
Purpose
The purpose of this study is to examine the effects of executives’ overseas education and work experience on enterprise digital as executives’ overseas background is critical to the ...development of enterprises. It also explored the mediating role of enterprise digital transformation on the relationship between executives’ overseas background and enterprise growth.
Design/methodology/approach
Chinese A-share companies listed on the Shanghai and Shenzhen Stock Exchanges for the period 2018–2020 were analyzed using regression analysis and bootstrapping to verify hypothesized relationships.
Findings
Executives’ overseas study and work experience both enhanced enterprise digital transformation significantly, thus improving enterprise growth. The level of employee education moderated the mediating role proposed in the theoretical model. Moreover, the promoting effect of executives’ overseas background on enterprise digital transformation was more significant for non-state-owned enterprises and those in eastern China.
Practical implications
The findings provide reference for the formulation and optimization of companies’ human resource structure and have implications on the improvement of enterprise digital transformation and enterprise growth.
Originality/value
This study explored the factors influencing enterprise digital transformation at the microlevel of corporate human capital, thereby providing microlevel empirical evidence for research on the factors influencing enterprise digital transformation. Its findings shed light on the mechanism and context under which executives with overseas backgrounds may enhance enterprise digital transformation and growth.
The COVID-19 pandemic required social and physical distancing to reduce the spread of disease. The reduction in meeting sizes made it difficult to offer traditional in-person EHR training to new and ...transferring employees. This paper aims to share how one nurse educator team used an innovative approach to transition traditional EHR onboarding education to synchronous remote learning during the global pandemic. Participants in the remote learning course (n = 94) were compared with those who had previously completed the traditional course (n = 110). Postcourse evaluations for each group were comparable. Remote learning participants found the technology conducive to training and reported higher scores for locating and reviewing patient information than those in the traditional course. Providing remote EHR education is comparable with traditional classroom education. Remote learning provided a safe, effective way to onboard new staff during the pandemic.
PDF
