The Human resource management with reference to Bosnia and Herzegovina

Abstract

In the conditions of globalization and rapid changes, the central question that defines the success of a company and its adaptability to the environment is related to the quality of human resource management. The basic role of strategic management is to adapt to changes in the environment, which often imply redefinition of strategy, and harmonization and recruitment of the workforce. It is the workforce, that human capital, that is the main argument for competitiveness and the supporting pillar of the company's value. A quality workforce management system also means quality supervision, monitoring and implementation of set goals and strategies. This paper systematizes the theoretical aspects of human resource management with special reference to knowledge and competences that determine the success of the company. The key part of the work refers to the analysis of the state of the labor force in the market of Bosnia and Herzegovina (BiH. The aim of the work is to emphasize the importance of personnel functions, qualifications and competences of workers, which gives companies a competitive advantage.