Tuesday, December 13 2016 14:52
Naira Badalian

Expert: The conflict of interests and private relations expected to lose their affect on hiring procedures

Expert: The conflict of interests and private relations expected to  lose their affect on  hiring procedures

ArmInfo. The conflict of  interests, private and family relations are to lose their affect on  hiring procedures, rapidly ceding the place to understanding that the  success in business depends on proper hiring and employment of staff,    Karen Sargsyan, the development and management expert of  Armenia-German Consulting company of Penta expressed his opinion to  journalists on December 13 in Yerevan. 

According to Sargsyan, during recent five years a rapid enhancement  is observed in the sector of human resources management in Armenian  companies:  both the motivation schemes and HR-managers approach are  being changed.  In the first case the main accent is put on the  development of schemes aimed at the long-term increase of the staff  motivation. At the same time, HR managers, getting to hiring the  required candidates, began to consider many factors - assuming their  vision of employees as the main asset of the company and it's  strategic resource. According to the expert, it is also important  that  Armenian companies improved their work in respect to staff  training, which is one of the preconditions for motivation tools  efficiency.  According to him, European experience shows  that the  company aimed at long-term sustainable development  draws up to 4% of  the total turnover. Armenia has no exact statistics in respect to  this issue, but, according to our monitoring, the exclusive  importance to the training procedures is paid by international  entities, banking sector and all those who are ruled by international  standards. What is to local companies, they are not strictly  concerned about that.

The main gap in the aspect of HR management is that the specialists  are not at their proper places, the expert mentioned. At the same  time, the HR management in Armenia is not developed and is not at the  precise level today. As of today, the HR manager and the Staffing  Officer is the same term for many people. And very few HR-managers  could reach high level in this aspect, and to select highly qualified  specialists from hundreds of candidates, to improve the indicators of   company's efficiency, to increase its competitiveness and to decrease  HR-management related expenses.

POST A COMMENT
Input digits     


News
Armenia`s wine heritage presented in London, Manchester Armenia`s wine heritage presented in London, Manchester 
Armenian Airlines suspends flights Armenian Airlines suspends flights 
The October beneficiary of The October beneficiary of "The Power of a Dram" is the Children of Armenia Fund
Head of Synopsys Armenia: IT sector accounts for 5.5% of Armenia`s  GDP, an indicator comparable to developed countries Head of Synopsys Armenia: IT sector accounts for 5.5% of Armenia`s  GDP, an indicator comparable to developed countries 
Armenian CB to establish control over nonpublic funds Armenian CB to establish control over nonpublic funds 
Armenia to take out loans to cover budget deficitArmenia to take out loans to cover budget deficit
Armenia`s deputy minister confirms his resignation Armenia`s deputy minister confirms his resignation 
Armenia`s deputy minister of economy resignsArmenia`s deputy minister of economy resigns
Top official in charge of energy sector dismissed Top official in charge of energy sector dismissed 
Garegin Baghramyan resigns as head of PSRCGaregin Baghramyan resigns as head of PSRC
Second Armenian-UAE business forum held in Abu DhabiSecond Armenian-UAE business forum held in Abu Dhabi
Wizz Air Group successfully promoted Armenia in international markets  - RA Ministry of EconomyWizz Air Group successfully promoted Armenia in international markets  - RA Ministry of Economy
AraratBank and Matenadaran: An Innovative Collaboration Across Science and CultureAraratBank and Matenadaran: An Innovative Collaboration Across Science and Culture
Armenian government approves import of 600 electric cars Armenian government approves import of 600 electric cars 
Armenian customs operation needs improving - official Armenian customs operation needs improving - official 
Taxi companies` turnover billions of drams - official Taxi companies` turnover billions of drams - official 
Simplified car registration procedure for forcibly displaced  Nagorno-Karabakh ArmeniansSimplified car registration procedure for forcibly displaced  Nagorno-Karabakh Armenians
Armenia`s vice-premier proposes recylcing fee for eletric cars Armenia`s vice-premier proposes recylcing fee for eletric cars 
AraratBank Allocates Over 6 Million Armenian drams to Innovative Ideas Over Two YearsAraratBank Allocates Over 6 Million Armenian drams to Innovative Ideas Over Two Years
"Synopsys" company among leaders of Armenia`s technology sector -  premier 
South Caucasus Railways reports 2.8% y/y increase in number of  passengers South Caucasus Railways reports 2.8% y/y increase in number of  passengers 
Balance of Attached Cards in the Idram&IDBank AppBalance of Attached Cards in the Idram&IDBank App
Funding for education, science, culture, and sport programs in  Armenia expected to rise by 5% in 2025Funding for education, science, culture, and sport programs in  Armenia expected to rise by 5% in 2025
Total healthcare expenditure in Armenia`s GDP to decrease in 2025Total healthcare expenditure in Armenia`s GDP to decrease in 2025
Converse Bank- Nelly Kocharyan: The exit of major foreign banks from  Armenia poses a new challenge for the country`s banking sector, as it  grapples with the issue of de-riskingConverse Bank- Nelly Kocharyan: The exit of major foreign banks from  Armenia poses a new challenge for the country`s banking sector, as it  grapples with the issue of de-risking
Ameriabank’s New Offer: Draw of Investment Portfolios for AMD 2MAmeriabank’s New Offer: Draw of Investment Portfolios for AMD 2M
Armenia`s Ministry of Finance on tax arrears and <optimization> of  budget expendituresArmenia`s Ministry of Finance on tax arrears and of  budget expenditures
Net investment flow into Armenian economy shifted from positive  $146.5 million to negative $91.3 millionNet investment flow into Armenian economy shifted from positive  $146.5 million to negative $91.3 million
Armenia Minister of Economy, Ambassador of Germany discuss  opportunities for enhancing bilateral cooperationArmenia Minister of Economy, Ambassador of Germany discuss  opportunities for enhancing bilateral cooperation
The winners of the 2024 joint program between SIA Armenia and The winners of the 2024 joint program between SIA Armenia and "The Power of One Dram" have been announced
WB, ADB collaborate on housing program for Nagorno-Karabakh IDPsWB, ADB collaborate on housing program for Nagorno-Karabakh IDPs
U.S remains dedicated to building economic resilience of Armenia -  ambassadorU.S remains dedicated to building economic resilience of Armenia -  ambassador
Armenia Deputy PM, World Bank discuss potential for enhancing  cooperationArmenia Deputy PM, World Bank discuss potential for enhancing  cooperation
Armenia`s industrial sector still experiencing double-digit growthArmenia`s industrial sector still experiencing double-digit growth
In January-August, electricity production in Armenia increased by  2.4%In January-August, electricity production in Armenia increased by  2.4%
Fixing over-ambitious and unrealistic goals most dangerous - expert Fixing over-ambitious and unrealistic goals most dangerous - expert 
Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024
WCIT2024 officially launched with a focus on Artificial IntelligenceWCIT2024 officially launched with a focus on Artificial Intelligence
Ardshinbank started making international money transfers via UBPay systemArdshinbank started making international money transfers via UBPay system
Ameriabank - fintech partner of DigiTec2024Ameriabank - fintech partner of DigiTec2024
AraratBank Expands International Transfer Options with Golden Money SystemAraratBank Expands International Transfer Options with Golden Money System
10% idcoin with IDBank Mastercard cards10% idcoin with IDBank Mastercard cards
Armenia expects participation of French companies in implementation  of nuclear and renewable energy projects - PashinyanArmenia expects participation of French companies in implementation  of nuclear and renewable energy projects - Pashinyan
12.5% y/y increase in state budget revenues of Armenia in Jan-Sep  202412.5% y/y increase in state budget revenues of Armenia in Jan-Sep  2024
DigiTec2024 officially launched, with over 200 companies presenting  their innovative solutionsDigiTec2024 officially launched, with over 200 companies presenting  their innovative solutions
ACE interested in cooperating with Armenia in wine-makingACE interested in cooperating with Armenia in wine-making
Annual inflation in Armenia in September amounted to 0.6%Annual inflation in Armenia in September amounted to 0.6%
Armenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  MessiArmenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  Messi
More and more young people in Armenia dreaming of becoming nuclear  engineers More and more young people in Armenia dreaming of becoming nuclear  engineers 
Armenia improves its position in Global Innovation Index -2024Armenia improves its position in Global Innovation Index -2024
Ameriabank’s Special Offer for New Mastercard Holders.  1% Cashback and Lots of GiftsAmeriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts
Double-digit growth of import prices observed in Armenia`s foreign  tradeDouble-digit growth of import prices observed in Armenia`s foreign  trade
532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024
We are conservative in making forecasts - ADB We are conservative in making forecasts - ADB 
Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies 
Bakhytjan Sagintayev: Since the formation of the EAEU, the Union`s  foreign trade grown by 60%Bakhytjan Sagintayev: Since the formation of the EAEU, the Union`s  foreign trade grown by 60%
Cryptocurrency actively and uncontrollably cashed in ArmeniaCryptocurrency actively and uncontrollably cashed in Armenia
Armenia`s first regional landfill to be completed in HrazdanArmenia`s first regional landfill to be completed in Hrazdan
Mohammad Reza Aref: Iran is ready to play a more serious role in the  EAEUMohammad Reza Aref: Iran is ready to play a more serious role in the  EAEU
Mishustin: It is important to create single transport space, develop  international logistics corridors and establish appropriate  infrastructureMishustin: It is important to create single transport space, develop  international logistics corridors and establish appropriate  infrastructure
Read more
Exchange rates
14.10.2024
RUB4.030.00
USD387.13-0.04
EUR422.86-0.47
GBP505.55-0.13
CAD280.61-0.66
JPY25.89-0.08
CNY54.66-0.12
CHF449.79-1.46