SIGNIFICANCE OF HUMAN RESOURCE TRAINING AND DEVELOPMENT IN CREATING COMPANVS COMPETITIVE ADVANTAGE

Human resources are one of the key organizational factors, determining to a great extent the overall organizational results. Great amount ofattention is beingpaid to human resource management, with the purpose of improving organizational achievements. In modern-day, turbulent business conditions, the importance of human resource management is always increasing. Studying a man 's interaction with the work process, and determining ways in which his working potential can be increased is a process which is intensely occurring today. Due to continued technological changes, knowledge quickly becomes outdated, so it is necessary to acauire new and improve existing knowledge and abilities, thus creating competitive advantages and improving company 's position.

Keywords: human resources, employee training and competitive advantage.