Factors Affecting Human Capital Formation in Logistics Enterprises

Abstract

Due to ongoing structural changes and socio-economic transition from the production economy to the knowledge economy, human capital plays a vital role in developing and creating new ideas and knowledge. Logistics industry is the fastest growing economic activity in Lithuania. The development of human capital becomes important in securing competitive advantage and improving performance for Lithuanian logistics enterprises. Logistics enterprises themselves try to find solutions how to create, develop and share the knowledge amongst its employees and how strategically develop and manage own human capital. The aim of the research is to examine the contemporary academic perspectives on measuring human capital and the factors affecting its value.
In order to provide theoretical and practical basis of the factors affecting human capital formation in logistics enterprises, a study of the correlation between internal and external factors was conducted. Based on the investigation of 30 respondents from Lithuanian logistics enterprises, the correlation between 20 factors affecting human capital value was analysed via a path and correlation analysis. The results of correlation analysis showed that there was a significant negative correlation between the factors of the external environment “Demographic” (such as migration, structure of population and others) and the factor from the environment of the individual “Family” content; the correlation coefficient was -0.671. And it was positively correlated with the factor from the environment of the organisation “Culture” and “Value of organisation” (+0,695).
Taking these results into consideration, the focus should be drawn on transforming the function of human resources management as well as providing a facilitative environment for developing the necessary skills in the professional and technical field.

Keywords: Human Capital, Logistics, Factor Analysis, Correlation Analysis

Article DOI: http://doi.org/10.15544/RD.2017.117