The level of human resources development in Cypriot enterprises

Abstract

Human Resource management development and improvement is the key to success in any kind of enterprises. Here, the human resource management and development functions are described. The study was conducted in the form of a survey, with data being gathered via questionnaires. The sample consists of employees that are currently employed in Cypriot enterprises. Through this study the importance of human resources practices is stated and the level of implementation of those practices by the Cypriot enterprises. Furthermore, a discussion is provided on the importance of HRM practices; how are increasingly viewed as a source of competitive advantage in today’s organizations and how can affect the organization’s growth. Moreover, the study also mentions the degree of implementation and the employee involvement in one of the most important HR practices, the training and development practice. Generally, in Cyprus training and development programs are conducted the most and companies are willing to invest in those kinds of programs. The findings of this study indicated that Cypriot enterprises are adequately using HR practices but still there is room for development and improvement. Due to growth limitations of Cypriot companies, HR practices are also aligned and similarly grow gradually. Therefore, the implementation of HR practices and process is also developing gradually.