Abstract:

The company's success in today's rapidly changing and the turbulent environment is determined by its performance and efficiency. The determining factors are employees who move other business factors into motion. Research explores the effectiveness of financial resources invested in educational and development activities. Employees working at the level of middle management participated in this research. The results show that, despite the fact that each rated manager achieves a different level of competence, another shift in competencies, and the resulting level of achievement of the competence maxima; the company spends financial resources on educational and development activities efficiently. Over the monitored period of three years, managers have made a different shift in competence development. This requires different ways of their further development in the form of complementary, supportive, developmental, and training activities and intensive coaching.