[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v10y2018i10p3687-d175634.html
   My bibliography  Save this article

Strategic Instrument for Sustainability of Human Resource Management in Small and Medium-Sized Enterprises Using Management Data

Author

Listed:
  • Silvia Lorincová

    (Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 96053 Zvolen, Slovakia)

  • Miloš Hitka

    (Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 96053 Zvolen, Slovakia)

  • Peter Štarchoň

    (Faculty of Management, Comenius University in Bratislava, Odbojárov 10, P.O. BOX 95, 82005 Bratislava, Slovakia)

  • Katarína Stachová

    (School of Economics and Management in Public Administration in Bratislava, Furdekova 16, 851 04 Bratislava 5, Slovakia)

Abstract
Quality human resources are an integral part of corporate strategy. Human capital development is an essential step towards the success of the business on the market. This paper fills the hole by providing the information about the ways how to motivate employees in terms of occupational classification and the age. The aim of the research was to determine whether there are statistically significant differences in the level of importance of employee motivation in terms of occupational classification and the age of respondents and the studied areas of motivation. A total of 3720 employees in small and medium-sized enterprises were analysed all over Slovakia using the method of simple random sampling. Descriptive statistics were used to describe sampling units. The differences in the values of the importance of motivation factors of individual groups were tested using the method of Tukey’s HSD at the level of significance α = 5%. Following the results, the fact that there are significant differences in terms of occupational classification and the age in the analysed areas of motivation can be stated. Therefore, the managers have to motivate employees in different ways that result in the more complicated management of human resources associated with meeting enterprise goals. Thus, the issue of individual motivation programmes created for individual employees tailored to employees’ needs must be discussed.

Suggested Citation

  • Silvia Lorincová & Miloš Hitka & Peter Štarchoň & Katarína Stachová, 2018. "Strategic Instrument for Sustainability of Human Resource Management in Small and Medium-Sized Enterprises Using Management Data," Sustainability, MDPI, vol. 10(10), pages 1-25, October.
  • Handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3687-:d:175634
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/10/10/3687/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/10/10/3687/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Suzuki, Aya & Mano, Yukichi & Abebe, Girum, 2018. "Earnings, savings, and job satisfaction in a labor-intensive export sector: Evidence from the cut flower industry in Ethiopia," World Development, Elsevier, vol. 110(C), pages 176-191.
    2. Dominika Vlacsekova & Ladislav Mura, 2017. "Effect Of Motivational Tools On Employee Satisfaction In Small And Medium Enterprises," Oeconomia Copernicana, Institute of Economic Research, vol. 8(1), pages 111-130, March.
    3. Sascha Kraus & Janina Burtscher & Thomas Niemand & Norat Roig-Tierno & Pasi Syrjä, 2017. "Configurational Paths to Social Performance in SMEs: The Interplay of Innovation, Sustainability, Resources and Achievement Motivation," Sustainability, MDPI, vol. 9(10), pages 1-17, October.
    4. Xu, Yan & Wang, Yougui & Tao, Xiaobo & Ližbetinová, Lenka, 2017. "Evidence of Chinese income dynamics and its effects on income scaling law," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 487(C), pages 143-152.
    5. Abdullah Al Mamun & Mohamed Dahlan Ibrahim & Mohd Nor Hakimin Bin Yusoff & Syed Ali Fazal, 2018. "Entrepreneurial Leadership, Performance, and Sustainability of Micro-Enterprises in Malaysia," Sustainability, MDPI, vol. 10(5), pages 1-23, May.
    6. Coles, Jeffrey L. & Daniel, Naveen D. & Naveen, Lalitha, 2006. "Managerial incentives and risk-taking," Journal of Financial Economics, Elsevier, vol. 79(2), pages 431-468, February.
    7. Muhammad Dawood Idrees & Maria Hafeez & Jung-Yong Kim, 2017. "Workers’ Age and the Impact of Psychological Factors on the Perception of Safety at Construction Sites," Sustainability, MDPI, vol. 9(5), pages 1-15, May.
    8. Alexander Chepurenko, 2017. "Combining Universal Concepts with National Specifics: SME Support Policy," Public administration issues, Higher School of Economics, issue 1, pages 7-30.
    9. Dang, Chongyu & (Frank) Li, Zhichuan & Yang, Chen, 2018. "Measuring firm size in empirical corporate finance," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 159-176.
    10. María Carmen Sánchez-Sellero & Pedro Sánchez-Sellero & María Montserrat Cruz-González & Francisco Javier Sánchez-Sellero, 2017. "Stability and Satisfaction at Work During the Spanish Economic Crisis," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(1), pages 72-89.
    11. Patrick Kampkötter, 2014. "Performance Appraisals and Job Satisfaction," SOEPpapers on Multidisciplinary Panel Data Research 672, DIW Berlin, The German Socio-Economic Panel (SOEP).
    12. María C. Sánchez-Sellero & Pedro Sánchez-Sellero & María M. Cruz-González & Francisco J. Sánchez-Sellero, . "Stability and Satisfaction at Work During the Spanish Economic Crisis," Prague Economic Papers, University of Economics, Prague, vol. 0, pages 1-18.
    13. Ethem Duygulu & Emir Ozeren & Pınar Işıldar & Andrea Appolloni, 2016. "The Sustainable Strategy for Small and Medium Sized Enterprises: The Relationship between Mission Statements and Performance," Sustainability, MDPI, vol. 8(7), pages 1-16, July.
    14. Jaeyeob Jeong & Myeonggil Choi, 2017. "The Expected Job Satisfaction Affecting Entrepreneurial Intention as Career Choice in the Cultural and Artistic Industry," Sustainability, MDPI, vol. 9(10), pages 1-16, September.
    15. Ashiqur Rahman & Jaroslav Belas & Tomas Kliestik & Ladislav Tyll, 2017. "Collateral requirements for SME loans: empirical evidence from the Visegrad countries," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(4), pages 650-675, July.
    16. Yoon, Mahn Hee & Suh, Jaebeom, 2003. "Organizational citizenship behaviors and service quality as external effectiveness of contact employees," Journal of Business Research, Elsevier, vol. 56(8), pages 597-611, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sambo Lyson Zulu & Ali M. Saad & Barry Gledson, 2023. "Individual Characteristics as Enablers of Construction Employees’ Digital Literacy: An Exploration of Leaders’ Opinions," Sustainability, MDPI, vol. 15(2), pages 1-17, January.
    2. Ingrida Košičiarová & Zdenka Kádeková & Milan Džupina & Ľubica Kubicová & Marek Dvořák, 2020. "Comparative Analysis of Private Labels—Private Labels from the Point of View of a Millennial Customer in Slovakia, Czech Republic and Hungary," Sustainability, MDPI, vol. 12(23), pages 1-19, November.
    3. Pavla Vrabcová & Hana Urbancová, 2022. "Holistic human resource management as a tool for the intergenerational cooperation and sustainable business," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(4), pages 117-126.
    4. Lukáš Smerek & Milota Vetráková & Šárka Čemerková & Vojtěch Malátek, 2020. "Comparison of the Level of Personnel Work in the Czech Republic and Slovakia," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    5. Jana Blštáková & Zuzana Joniaková & Nadežda Jankelová & Katarína Stachová & Zdenko Stacho, 2020. "Reflection of Digitalization on Business Values: The Results of Examining Values of People Management in a Digital Age," Sustainability, MDPI, vol. 12(12), pages 1-17, June.
    6. Mária Ďurišová & Emese Tokarčíková & Florina Oana Virlanuta & Zuzana Chodasová, 2019. "The Corporate Performance Measurement and Its Importance for the Pricing in a Transport Enterprise," Sustainability, MDPI, vol. 11(21), pages 1-17, November.
    7. Adriana Grenčíková & Marcel Kordoš & Jakub Sokol, 2019. "The Approach to Industry 4.0 within the Slovak Business Environment," Social Sciences, MDPI, vol. 8(4), pages 1-11, March.
    8. Mariana Strenitzerová & Karol Achimský, 2019. "Employee Satisfaction and Loyalty as a Part of Sustainable Human Resource Management in Postal Sector," Sustainability, MDPI, vol. 11(17), pages 1-30, August.
    9. Adriana AnaMaria Davidescu & Simona-Andreea Apostu & Andreea Paul & Ionut Casuneanu, 2020. "Work Flexibility, Job Satisfaction, and Job Performance among Romanian Employees—Implications for Sustainable Human Resource Management," Sustainability, MDPI, vol. 12(15), pages 1-53, July.
    10. Nagamani Subramanian & M. Suresh, 2022. "Social Sustainability Factors Influencing the Implementation of Sustainable HRM in Manufacturing SMEs," Humanistic Management Journal, Springer, vol. 7(3), pages 469-507, December.
    11. Barbara Sypniewska & Małgorzata Baran & Monika Kłos, 2023. "Work engagement and employee satisfaction in the practice of sustainable human resource management – based on the study of Polish employees," International Entrepreneurship and Management Journal, Springer, vol. 19(3), pages 1069-1100, September.
    12. Lenka Ližbetinová & Peter Štarchoň & Dagmar Weberová & Eva Nedeliaková & Martina Juříková, 2019. "The Approach of SMEs to Using the Customer Databases and CRM: Empirical Study in the Slovak Republic," Sustainability, MDPI, vol. 12(1), pages 1-21, December.
    13. Patricia Janosova, 2021. "Sustainable activities in manufacturing enterprises: Consumers’ expectations," Upravlenets, Ural State University of Economics, vol. 12(1), pages 91-101, March.
    14. Alzbeta Kucharcikova & Martin Miciak & Eva Malichova & Maria Durisova & Emese Tokarcikova, 2019. "The Motivation of Students at Universities as a Prerequisite of the Education’s Sustainability within the Business Value Generation Context," Sustainability, MDPI, vol. 11(20), pages 1-25, October.
    15. Babeľová Zdenka Gyurák & Stareček Augustín & Vraňaková Natália & Császár Martin & Šarmír Marek & Sakál Peter & Cagáňová Dagmar, 2019. "Age Discrimination, Release of Employees and Sustainable Law Strategy in Industrial Enterprises," Research Papers Faculty of Materials Science and Technology Slovak University of Technology, Sciendo, vol. 27(s1), pages 25-33, December.
    16. Eva Nedeliakova & Maria Hudakova & Matej Masar & Lenka Lizbetinova & Renata Stasiak-Betlejewska & Peter Šulko, 2020. "Sustainability of Railway Undertaking Services with Lean Philosophy in Risk Management—Case Study," Sustainability, MDPI, vol. 12(13), pages 1-28, June.
    17. Alžbeta Kucharčíková & Martin Mičiak & Emese Tokarčíková & Nikola Štaffenová, 2023. "The Investments in Human Capital within the Human Capital Management and the Impact on the Enterprise’s Performance," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    18. Emese Tokarcikova & Eva Malichova & Alzbeta Kucharcíkova & Maria Durisova, 2020. "Importance of Technical and Business Skills for Future IT Professionals," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(54), pages 567-567, April.
    19. Andrej Miklosik & Peter Starchon & Milos Hitka, 2021. "Environmental sustainability disclosures in annual reports of ASX Industrials List companies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 16227-16245, November.
    20. Hana Urbancová & Monika Hudáková & Adéla Fajčíková, 2020. "Diversity Management as a Tool of Sustainability of Competitive Advantage," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    21. Tokarčíková Emese, 2019. "The Aspects of Age Management Towards Sustainable and Responsible Business," Research Papers Faculty of Materials Science and Technology Slovak University of Technology, Sciendo, vol. 27(s1), pages 1-7, December.
    22. Barbara Mazur & Anna Walczyna, 2020. "Bridging Sustainable Human Resource Management and Corporate Sustainability," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    23. José Giménez & Antonia Madrid-Guijarro & Antonio Duréndez, 2019. "Competitive Capabilities for the Innovation and Performance of Spanish Construction Companies," Sustainability, MDPI, vol. 11(19), pages 1-24, October.
    24. Silvia Lorincová & Peter Štarchoň & Dagmar Weberová & Miloš Hitka & Martina Lipoldová, 2019. "Employee Motivation as a Tool to Achieve Sustainability of Business Processes," Sustainability, MDPI, vol. 11(13), pages 1-15, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Silvia Lorincová & Peter Štarchoň & Dagmar Weberová & Miloš Hitka & Martina Lipoldová, 2019. "Employee Motivation as a Tool to Achieve Sustainability of Business Processes," Sustainability, MDPI, vol. 11(13), pages 1-15, June.
    2. Wenxiu Hu & Jinzhu Du & Weiguo Zhang, 2020. "Corporate Social Responsibility Information Disclosure and Innovation Sustainability: Evidence from China," Sustainability, MDPI, vol. 12(1), pages 1-19, January.
    3. Syed Danial Hashmi & Saqib Gulzar & Zeshan Ghafoor & Iram Naz, 2020. "Sensitivity of firm size measures to practices of corporate finance: evidence from BRICS," Future Business Journal, Springer, vol. 6(1), pages 1-19, December.
    4. Daniel Homocianu & Octavian Dospinescu & Napoleon-Alexandru Sireteanu, 2022. "Exploring the Influences of Job Satisfaction for Europeans Aged 50 + from Ex-communist vs. Non-communist Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(1), pages 235-279, January.
    5. Efstathios Magerakis & Konstantinos Gkillas & Athanasios Tsagkanos & Costas Siriopoulos, 2020. "Firm Size Does Matter: New Evidence on the Determinants of Cash Holdings," JRFM, MDPI, vol. 13(8), pages 1-35, July.
    6. Wai Ming To & Jennifer H. Gao & Ernest Y. W. Leung, 2020. "The Effects of Job Insecurity on Employees’ Financial Well-Being and Work Satisfaction Among Chinese Pink-Collar Workers," SAGE Open, , vol. 10(4), pages 21582440209, December.
    7. Giovanna Gavana & Pietro Gottardo & Anna Maria Moisello, 2017. "Earnings Management and CSR Disclosure. Family vs. Non-Family Firms," Sustainability, MDPI, vol. 9(12), pages 1-21, December.
    8. Hickfang, Michael & Holder, Ulrike, 2018. "The impact of stock options on risk-taking: Founder-CEOs and innovation," Discussion Papers of the Institute for Organisational Economics 12/2018, University of Münster, Institute for Organisational Economics.
    9. Vasilii Erokhin & Dmitry Endovitsky & Alexey Bobryshev & Natalia Kulagina & Anna Ivolga, 2019. "Management Accounting Change as a Sustainable Economic Development Strategy during Pre-Recession and Recession Periods: Evidence from Russia," Sustainability, MDPI, vol. 11(11), pages 1-23, June.
    10. Ilona Babenko & Benjamin Bennett & John M Bizjak & Jeffrey L Coles & Jason J Sandvik, 2023. "Clawback Provisions and Firm Risk," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(2), pages 191-239.
    11. Bo-Hung Chiou & Shen-Ho Chang, 2020. "Influence of Investment Efficiency by Managers and Accounting Conservatism on Idiosyncratic Risks to Investors," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(1), pages 1-8.
    12. Leon Zolotoy & Don O’Sullivan & Keke Song, 2021. "The Role of Ethical Standards in the Relationship Between Religious Social Norms and M&A Announcement Returns," Journal of Business Ethics, Springer, vol. 170(4), pages 721-742, May.
    13. Thibaut Mastrolia & Dylan Possamaï, 2018. "Moral Hazard Under Ambiguity," Journal of Optimization Theory and Applications, Springer, vol. 179(2), pages 452-500, November.
    14. Ongena, Steven & Savaşer, Tanseli & Şişli Ciamarra, Elif, 2022. "CEO incentives and bank risk over the business cycle," Journal of Banking & Finance, Elsevier, vol. 138(C).
    15. Katsiaryna Bardos & Steven E. Kozlowski & Michael R. Puleo, 2021. "Entrenchment or efficiency? CEO‐to‐employee pay ratio and the cost of debt," The Financial Review, Eastern Finance Association, vol. 56(3), pages 511-533, August.
    16. Hinh Khieu & Nam H. Nguyen & Hieu V. Phan & Jon A. Fulkerson, 2023. "Political Corruption and Corporate Risk-Taking," Journal of Business Ethics, Springer, vol. 184(1), pages 93-113, April.
    17. Young Mok Choi & Kunsu Park, 2019. "Foreign Ownership, Agency Costs, and Long-Term Firm Growth: Evidence from Korea," Sustainability, MDPI, vol. 11(6), pages 1-17, March.
    18. Qaisar Ali & Sulistya Rusgianto & Shazia Parveen & Hakimah Yaacob & Razali Mat Zin, 2024. "An empirical study of the effects of green Sukuk spur on economic growth, social development, and financial performance in Indonesia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 21097-21123, August.
    19. David Hirshleifer & Angie Low & Siew Hong Teoh, 2012. "Are Overconfident CEOs Better Innovators?," Journal of Finance, American Finance Association, vol. 67(4), pages 1457-1498, August.
    20. Yuhuan Jin & Sheng Zhang, 2019. "Credit Rationing in Small and Micro Enterprises: A Theoretical Analysis," Sustainability, MDPI, vol. 11(5), pages 1-15, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3687-:d:175634. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.