Human Resources' Qualification and its Influence upon Company's Performance

Human resources qualifications and level of competences impact the production level of the gross outcome. Work productivity directly impacts the total operating cost of a company. Mismatching between the job needs and the personnel skills can lead to serious dysfunctions in the production process and the production outcome. From the neoclassic theory of the labour market we can state that mismatching is a short run problem, while, based on Spence’s job matching theory or Thurow’s competition model we can point out that in the case of production companies mismatching is a permanent problem. This paper will present mismatching theory as well as the importance of qualification and skills. In order to show the impact of education on the gross production output we will use a productivity model that outlines the impact of education.