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The purpose of this paper is to define the impact of the investment in training in education by the European Social Fund (ESF) in four Eastern countries, namely, Poland, Hungary, Czech Republic and Hungary. Those countries have some political, cultural, social and economic similarities and share some common ground in the human resource development (HRD) sectors.

The authors use the human capital theory with some extensions to analyze the context, operations and impacts of the ESF in the Visegrad four (V4) countries between 2007 and 2013. The authors use three levels of methodology to access each one of those problems.

The authors conclude that the ESF helped building the vocational training system in those countries, and to help them get near the equilibrium of high skills of the V4 Western European neighbors, and therefore, this one was a success story. However, quality issues remain to be addressed that may hinder the continuation of the success in the future.

The research could be enlarged in time and space and deepened in terms of methodology. This is one a first clarifying step. Theoretical work should become aware of the dichotomy between absorption and scientific logic.

Detailed and precise evaluation practices must be implemented to guide and assess the policy.

Precisely because funds are scarce this paper enlights the dilemma and the tension between quantity and quality in the European HRD policy, this is an important social problem.

The study is original because even if the HRD in those countries had already been studied (Sheehan and Buchelt, 2016), no study analyzing specifically the ESF in those countries has been carried out so far. The authors use an innovative methodology and address questions on context, operations and impact, which are also innovative and very relevant.

The purpose of this paper is to define the impact of training and development (T&D) in the Visegrad countries (V4) as impacted by the Covid-19 pandemic, namely, Hungary, Poland, Slovakia and the Czech Republic. These countries have some political, cultural, social and economic similarities and share some common ground in the human resource development (HRD) sectors.

The authors used the HRD theory and the human capital theory to analyse the context, operations and impact of T&D in the V4 countries due to the Covid-19 pandemic. The research was conducted in 400 companies, 100 from each of the four countries using the computer assisted web interviewing technique. The questionnaire was in a six-point Likert scale format and addressed 12 topics related to T&D: policy, expectations, procedures of diagnosis, preparation, implementation, monitoring, trainees, trainers, investment and expenditures, evaluation, results and controlling.

The authors concluded that in the Visegrad countries, Covid-19 raised expectations on T&D. This was followed by increased levels of action in diagnosis, preparation, monitoring and implementation, following pre-existing and adjusted policies. Evaluation and control were complicated. Investment and results and the human side of the T&D (trainees and trainers) were the ones for which there were more uncertainties and perplexities.

The study has the limitation of using only a small sample in four countries. For further research, the authors suggest a larger study extended to all the European Union countries, an in-depth analysis of the current data and the kurtosis on Policy of T&D.

The results of the research can be used to improve T&D programs after the Covid-19 pandemic. They could also provide information to external trainers to improve and adjust their services according to the opinions of the respondents of the study. The research findings can also serve institutions responsible for policy provision of HRD at a national level by providing possibilities to apply for funding either within national or regional funds like the National Training Fund in Poland or within European Union money at a national level.

The study is original because even if the T&D in V4 countries during the Covid-19 pandemic had already been studied separately (e.g. Mikołajczyk, 2021; Vrabcová, Urbancová 2021; Vinichenko et al., 2021), no empirical, cross-national research analysing specifically the T&D in those countries has been carried out so far. The authors use an innovative methodology, addressing 12 topics and the people involved together with the stages in which a T&D policy is divided. That makes it innovative and very relevant.

The aim of the paper is to propose an integrative model of the leader competences through the analysis of the several models of competence found in the literature review.

The methodology used was qualitative, based partially on an integrative literature review (Torraco 2016). This paper aims to review, update and criticize the literature related to the competences approach in the organizational context and, on the other hand, to review, criticize and synthesize the literature, namely, the models and competences.

Difficulties in choosing and implementing a leader competency model led to the integration of competencies in a single model, seeking to simplify the choice and implementation process in organizations. The integrative model of leader competences arises from the literature review, more specifically from the analysis of the different approaches found. This model is grouped into four dimensions – intellectual competences, management competences, social competences and emotional competences. This research is a contribution to reduce the fragmentation of leadership and management theories and facilitates the choice and implementation of a leader competence model suited to the organization’s needs, contributing to the leadership effectiveness.

The integrative model of the leader competences allows the choice and implementation of a competence model with a wide range of competences considered as essential in the organizational context by several researchers. This model simplifies the process of identifying the competences that need to be developed, feeding the human resources development process within the organization.

In July 2009 the Universidade Lusíada de Famalicão organized the International Conference on Managing Services in the Knowledge Economy 2009 (MSKE 2009). http://clegi.fam.ulusiada.pt/MSKE2009/. MSKE 2009 was an interesting forum which gathered 60 specialists from 20 countries in different areas such as knowledge management, intellectual capital, human resource development, social policy, law and international economics. In the human resource development field, five relevant contributions were selected to compose the current issue. The purpose of this introductory paper is to review the literature on the role of human resource development (HRD) in the current knowledge based and services driven economy.

The paper reviews the importance of knowledge as a crucial economic factor and the importance of services as the main area of economic business. It shows how HRD relates to services and knowledge.

Starting at the time of the Agricultural Revolution when human resources (HR) were marginally considered, the paper ends in the globalized and technologic advanced world of 2010 in which HR are a decisive production factor and are analyzed by different very important scientific perspectives. Crucially, in the present new order of the world, services are the main economic sector in advanced countries. The important role of HRD as a factor of success in a world dominated by services and knowledge is explained. The major open questions and controversies related to HRD are enumerated.

Quite a number of open questions remain in the HRD field. Those questions relate to individuals, educational system, organizations, and to society as a whole. Those questions are analyzed in detail in this introduction. The current special issue includes papers dealing with five separate topics related to the open questions: academic curricula needed for the service sector; role of universities and workplace work‐related arrangements of the educational system; intellectual capital management; career advancement; career aspirations.

The paper introduces the special issue of the Journal of European Industrial Training on “HRD in the knowledge based and services driven economy”.

The purpose of this paper is to analyze critically the most important methods that are used in the evaluation of human resource development (HRD).

The approach is to ask two questions: What are the methods available to define the impact of HRD in the economy? How can we evaluate the evaluations that have been made?

There are two main perspectives to evaluate any program, by results (counting occurrences) and by impacts (calculating the differences the investment made in the society). The first type of method does not find the impact of the program, the second type does.

The analysis is limited by existing studies on HRD. The implications are that the conditions that underline the existence of HRD programs define the type of evaluation that is used.

The results of this paper put the evaluation problem in a new perspective. It explains the difference between methodologies (results and impacts) and scientific fields used (public administration, social policy, HRD, KM, IC, microeconomics, HR economics) by the type of person responsible: public administrator, private manager, HRD expert, knowledge manager, IC expert, microeconomist. The differences between the applications of those methodologies based on the type of funding – private, public, external – are also explained.

The aim of this paper is to study the relation between intellectual capital (IC) and economic development (ED). The analysis presented aims to have both theoretical and practical relevance. The main hypothesis assumed is that IC, although fundamental, is not sufficient to assure the existence of ED. Instead, argues that, for a developing country to become a modern economy some facts have to happen. Those facts are: a process of stable political democratisation; a process of economic stabilization; a process of economic and political integration; a process of investment in development tools, like physical capital and intellectual capital. Furthermore, it is shown that the process of investment in IC implies the development of active social policies, but it is difficult for a developing county to make those social policies by itself. In consequence, in the future, due to the need of economic and political stability, the growing globalisation and the lack of development resources (IC, infrastructures, etc.) in developing countries, some Economic and Political Unions (EPUs) may emerge, or consolidate. Those EPUs are the European Union, the American Union (around Canada and the USA), the Asian Union (centred in Japan), the African Union (based in South Africa), the Oceanic Union (beginning with Australia and New Zealand), and the Arab Union (mainly constituted by Middle East oil producers).

This article aims to review the application of the funds awarded by the European Social Fund (ESF) to Portugal, since 1986, from a human resource development (HRD) perspective.

Several variables are analyzed: investment, absorption, people, impact of investment, evolution of skills, main programs, supply and demand for training and the role of the state.

The main conclusion of the paper is that, even if the ESF was extremely important in quantitative terms in Portugal, its qualitative implications were modest.

The Portuguese ESF case should be compared with other national cases in the European Union and elsewhere. The ESF patterns should be compared with other cases of international support made by multinationals, non‐governmental organizations or bodies like the World Bank or the United Nations.

European monetary stability and integration has to be based on social stability and integration. The ESF consequences in the “national” HRD markets may be far‐reaching, effectively defining the main elements of the HRD market. Great attention should be paid to positive impacts while defining the priorities of the ESF intervention.

The ESF was responsible for the funding of a very considerable part of the Portuguese training market. Precisely because of that huge importance, quality is a very important issue.

The article is an attempt to analyze and evaluate 20 years of intervention in the HRD field with an international dimension in a relatively poor and struggling country in European terms.

The purpose of this paper is to present a framework that helps to analyze the dependence between personal welfare and individual (personal) intellectual capital (IIC). The authors also introduce the system of proxy indicator for personal intellectual capital (IC) of football coaches.

This paper employs the idea that personal welfare depends on personal IC, particularly, talent. That is why initially the literature analysis of welfare phenomenon was provided. Then the system of available proxy indicators of football coaches’ IC was designed. To achieve the purpose a linear function is estimated with the help of ordinary least squares method.

The chosen set of IC proxy indicators explain the significant part of coaches’ salary. Such proxies as improvement in the championship table and coach's image in media have a significant and positive influence on coach's salary. Whereas, lowering the position of the club does not considerably affect the coach's wealth. A clubs’ financial capacities and budget also influences coaches’ salaries.

Traditional limitation of proxy indicators-based studies is connected with their eligibility and complexity.

The possibility to codify IC of a person enables to analyze core competencies necessary in a particular activity or profession for success achievement. Moreover a policy of inequality reduction should take into account that intangible assets are at the base of those persons wealth.

This is the first paper that employs IC concept to people wealth while previous literature is dedicated to companies’ or countries’ IC.

This paper aims to explore whether individual intellectual capital of a fund manager allows mutual fund to outperform market.

The sample includes 85 Russian equity funds for the period of 2013. First, Jensen’s alpha for each fund has been calculated, and then cross-sectional regression analysis has been used. While only a part of fund managers publish biographic sketches, the authors use the Heckman procedure to control for self-selection issues.

The results support the idea that the individual characteristics indicate the possibility to earn abnormal alpha. Managers with economic education and with Moscow education perform better than others. Relationship between both fund performance measures and manager’s experience has inverted U-shape. Jensen’s alpha reaches its highest level at the point of 9 years, whereas beta – at 10 years of manager’s experience.

Investigation can be improved by including more variables that influence the disclosure of managers’ personal information, for example, by conducting surveys. Additionally, cross-sectional data restrict the analysis.

The discovered characteristics of managers’ intellectual capital can be used as additional screening tool for the investor who is deciding on mutual fund choice in Russia. While individual intellectual capital is observable and more persistent in time in comparison with the past fund performance, such tool allows better decision-making.

This is the first paper that explores which characteristics of Russian fund managers are connected with higher abnormal return (measured by Jensen’s alpha) and risk (beta) of mutual funds.

The aim of this paper is to analyse critically the youth labour market (YLM) and the YLM policies in Portugal. The analysis covers essentially the period after 1986, when Portugal entered the European Union.

The paper consists of three main sections. In the first the main players dealt with (government, private sector, third sector) are defined, and the main theories on the YLM exposed. In the second section the evolution of the YLM and of the YLM policies in Portugal, are analysed in three main phases. In the third section the paper's conclusions are presented, and some further research is suggested.

Until 1986 YLM policy in Portugal was almost non‐existent. Then, as a consequence of the adhesion to the European Communities, massive investments began to be made. As a consequence, in the last 20 years, young persons (less than 25 years of age) have been given much more support in the labour market than older persons (more than 25 years‐of‐age). That advantage means that since 1986 quality, and not quantity, is the problem of YLM policies in Portugal.

The study should be complemented with a large microeconomic analysis of the “young” and “old” cohort. The findings suggest that, contrary to the conventional wisdom, “young” persons have been given too much support in the last years, and more support should be given to “older” members of the workforce, especially the least qualified. The problem with the support to “young” people is quality, not quantitiy.

The paper provides an analysis of the development of a Portuguese Education and Training (E&T) strategy. Few studies in the field of E&T and Human Resources Development (HRD) have emanated from Portugal and this paper presents an opportunity to gain an insight into Portuguese developments in the field.