Core employee based human capital and revenue productivity in small firms: An empirical investigation |
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Authors: | Sanjib Chowdhury Eric Schulz Morgan Milner David Van De Voort |
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Affiliation: | 1. Eastern Michigan University, Department of Management, 466 Owen Building, 300 West Michigan Avenue, Ypsilanti, MI 48197, USA;2. Buck Consultants, 123 North Wacker Drive, Chicago, IL 60606, USA |
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Abstract: | The human capital of a firm, as manifested by the experience and education of its workforce, represents a key resource that improves firm productivity. The current study proposes that task-specific experience is a significant organizational resource for small firms seeking productivity. Utilizing objective data from 1572 core-employees representing 100 small firms in two different industries, this study examines how two types of experience (task-specific and firm-specific) interact with education to influence firm productivity. Results show that the relationship between task-specific experience and productivity is stronger in firms with higher levels of core employee education than in firms with lower levels of core employee education. |
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Keywords: | Human capital Task-specific Firm productivity Small business |
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