SOCIO-ECONOMIC IMPACT OF COVID-19 CRISIS ON HUMAN RESOURCES AND COMPANIES

Abstract

In the conditions of globalization and increasing competitive pressures, organizations are trying to get competitive advantage based on the effective use of knowledge.  It is the human resources department that plays the key role in knowledge management in an organization, as human resources management has a major impact on the effectiveness of a knowledge-based organization. The purpose of this paper is to show the importance and role of human resources and the knowledge they possess in gaining a competitive advantage in the organization in which they work. Also, we will present the impact of the Covid-19 crisis on human resources, economies and companies globally and regionally.

Key words: knowledge, resources, employees, covid-19, economy.