“…Human capital and their skills are the main drivers of economic growth and national competitiveness in the modern economy (Kordić & Milićević, 2018;Radivojević, Kahrović & Krstić 2019), "they introduce changes and innovations, they create additional value and they increase business efficiency, and thus the initiation of future organization performance" (Perić, Gašić, Stojiljković & Nešić, 2018, p. 618). Also, in the era of automation and digitalization, it is important to develop human capital in a firm to make them capable to handle new challenges (Nica, 2018;Stuken & Korzhova, 2019). The working arrangements have been changed a lot (Popescu, 2018) and new knowledge, skills, and abilities are needed, in terms of problem solving, critical thinking, creativity, people management, coordinating with others, emotional intelligence, STRATEGIC MANAGEMENT, Vol.25 (2020), No.…”