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According to the modern approach, human resource management in organizations should be oriented towards conversion of human resources into capital. Employees, considered as a capital in the organization, may determine its business value. Without employees’ contribution, other organizational resources, such as financial resources, technology, machinery and equipment would only be useless values in the enterprise. The aim of this paper is to demonstrate the importance of staff training and improvement to organizational human resource management. In order to produce the desired effect, the above process needs to be implemented regularly. Although vocational education and training often involve considerable costs, they should be viewed as an essential investment, which results in maintaining the value of human resources at the level desired by the organization.

Staff training and improvement as a factor in building human capital in organizations