Yerevan /Mediamax/. The privately held businesses in Armenia, which are involved in recruitment and retention## of human resource, pay special attention to continual education of the staff.

Mediamax reports that the results of the latest Grant Thornton International Business Report, evidence the fact.

In particular, the given policy is chosen by 84% of Armenian enterprises; in the world, the given index made 67%.

The education processes are followed by flexible working practices – 49% (in the world – 62%), active promotion of workforce health – 44% (in the world – 71%) and promotion of equality and diversity – 43% (in the world – 64%).

According to the report, 78% of the private sector enterprises, functioning in Armenia, stated that the human resource recruitment and retention are a driving force for corporate social responsibility policy. In the world, the given index made 65%.

Then come the cost management concerns, which were emphasized by 77% of Armenian enterprises, in the world the given index making 63%. This, according to the report, suggests that controlling costs is not only good for business but also good for business ethics.

According to the assessment of Alex MacBeath, Grant Thornton International global leader of privately held businesses, “privately held businesses are putting substance before style in their corporate social responsibility activities and rightly focusing on their bottom line but their efforts are in danger of being drowned out by the noise of the multinationals”.

At the same time, Alex MacBeath noted that the individuals, who own privately held businesses, have a speed advantage over the multinationals, as their ethical policies can be adopted much more quickly than within the more complex structure of larger companies.