KOSZTY ROZWOJU KAPITAŁU LUDZKIEGO W INSTYTUCJACH FINANSOWYCH
COSTS OF HUMAN CAPITAL DEVELOPMENT IN FINANCIAL INSTITUTIONS

Author(s): Tadeusz A. Grzeszczyk
Subject(s): Economy, Business Economy / Management, Micro-Economics, Human Resources in Economy
Published by: Polskie Towarzystwo Profesjologiczne
Keywords: human capital; intellectual capital; financial institutions; cost of human capital development; labour costs
Summary/Abstract: Labour costs are an important part of the costs incurred by financial institutions. Simple procedure for improving financial efficiency is the reduction of employment. However, human capital is a key factor in building a competitive advantage to achieve position in the local and global market. Financial institutions are primarily social systems, in which the importance of human capital is particularly significant. Polish employees are characterized by one of the lowest rates of participation in various systems of lifelong learning in Europe. Expenditures on education, improvement and retraining of personnel are (in labour costs of financial institutions) at the level of 1% in private institutions and 2.4% in the public sector. It is therefore necessary to increase the cost of human capital development in the Polish financial institutions.

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