Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/334200 
Year of Publication: 
2021
Citation: 
[Journal:] Business, Management and Economics Engineering (BMEE) [ISSN:] 2669-249X [Volume:] 19 [Issue:] 1 [Year:] 2021 [Pages:] 111-130
Publisher: 
Vilnius Gediminas Technical University, Vilnius
Abstract: 
Purpose - The paper presents the results of the study based on a sample of 358 organisations that focuses on further education and training (FET) of their employees. It specifically investigates which specific educational methods and various characteristics of organisations are associated with their financial performance. Research methodology - The Dependency Aware Feature (DAF) selection method from statistical pattern recognition has been used to identify which of the 37 considered variables are most associated with the profitability indicators (ROA, ROCE, ROS). Findings - The profitability indices are significantly associated with some of the specific methods of FET. Organisations should pay attention particularly to instructing, coaching and mentoring. The results also confirm the importance of talent management for organisations to be successful. Research limitations - The examined sample consists solely of organisations operating in the Czech Republic. Shortly, we plan to extend the selection by including organisations from abroad. Practical implications - The study provides recommendations for HR managers for the goals they should focus on. Organisations should evaluate the impacts of FET; otherwise increasing investments in it may not have an effect. Originality/Value - The originality of the current study lies in using a new methodology based on machine learning and respecting complex mutual relations among variables.
Subjects: 
further education and training
lifelong education
methods of education
organisations’ profitability
human resource management
JEL: 
M12
M53
L20
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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