Introduction
In the past decade business conditions, increasing pressure of international economic and social environment as well as internal complexity of the companies determined greater focus on Human Resource Management (HRM) agendas and strategies. Human capital and internal expertise developed by organizations help companies not only to offer a competitive edge but to invest in sustainable organizational growth with a high level of core and unique capabilities. Latest developments in the HRM field demonstrate that effective planning, recruitment and training and development programs can make a significant contribution to the cost-focused strategies and increase operational and commercial productivity of the organizations (Millmore, 2007).
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