Intellectual capital and vocational training in enterprises: a case study in Binh Duong province

Abstract

Staff training is considered as an effective tool to help organizations and businesses develop sustainable competitive advantage based on human resources. However, the investment of enterprises in this training activity is still very limited. The article provides an thorough understanding of why businesses do not emphasize human resource training. The analysis results imply that the enterprise's decision to invest in vocational training may depend on the Intellectual capital of employees. Vocational training is reflected from the experimental research on 983 workers in more than 100 enterprises and from group discussions of managers, employers and teachers, with more than 60 people in Binh Duong Province. The analysis (quantitative methods - Correlation and multivariate Binary logistic regression, and qualitative methods - in-depth interviews and focus group discussions) in the context of high demand for human resources in Binh Duong Province, indicates that: (1). The Intellectual capital of the human resources is not high; (2). The proportion of employees receiving training in enterprises is very low; (3). This opportunity mainly belongs to the qualified labour. Therefore, recommendations are proposed to promote vocational training for the workforce in Binh Duong Province in the future.