Measuring the Contribution of Human Capital on SMEs Performance
Measuring the Contribution of Human Capital on SMEs Performance

Summary/Abstract: In the context of a global economy, competitiveness between regions and businesses is increasingly driven by their specific and unique intangible resources - investing in R & D and innovation being considered to be the most important source of performance. Rapid technological changes and market globalization have a major impact on the competitive business environment and create new opportunities for the consolidation and development of small and medium-sized enterprises (SMEs). It can be said that an economy based on modern knowledge encompasses a wide variety of financial and production methods, creativity and innovation, expertise and high efficiency of human resources. The literature review on human capital shows that a sustained development of human capital leads to a significant improvement in the performance of SMEs, and vocational training is considered the most important option for the development of human capital and the advanced performance of SMEs. This paper aims to examine the impact of human capital on the performance of SMEs, showing that there is a significant positive relationship between human capital and SMEs performance. The hypothesis was tested through linear, unifactorial and bifactorial regression models using the SPSS software, the results showing that SMEs performance is enhanced by a higher level of skills and labor education.

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