Ownership Structure of the Organisation as a Determinant of Human Resource Management in the Context of Transition Countries

Abstract

Transition period of the post-socialist countries and opening of their markets have led to the positive shift in understanding the role of employees in organizations and the importance of proper management of this specific resource. An important factor in spreading modern principles of human resource management in transition countries is the arrival of foreign companies on their market. In that context, this paper focuses on the relationship between the ownership structure of the organisation and the level of development of the core activities of human resource management. The subject of the empirical research was companies which operate on the territory of the Republic of Srpska, and employ more than 200 employees. Empirical data were collected by using questionnaire, and some of them were generated from the official websites of the observed companies. Testing of hypothesis was performed with the Analysis of Variance. The research results show that in the foreign-owned
companies there is a statistically significant difference in the level of development of
human resources management, compared to the state-owned and national private
companies. On the other hand, among foreign-owned companies, which differ in the
country of origin of the majority owner and the number of years in business in the
domestic (BiH/RS) market, there is no statistically significant difference in the level
of development of basic activities of human resource management.