How Continuing Vocational Education Training in Enterprises Influence Innovation Activities In SMEs in Bulgaria?

Abstract

This study investigates the correlation between supplementary training and qualifications of prospective human resources and their effectiveness and satisfactory performance in their respective roles, emphasizing CVT’s impact on a company’s innovation. The majority of CVT research examines training time, cost, learning outcomes, and influence on labor force employment, youth employment, and pre-retirement generation as a labor market retention alternative. The principle remains the same: investing in CVT may boost enterprises’ creative potential, help adapting, growing, and contribute to long-term economic development in their own nations and abroad. A brief literature study synthesizes previous research on CVT and corporate innovation to integrate results and identify trends and patterns. The current research examines CVT and innovation using data from the National Statistical Institute of Bulgaria, Eurostat, and the Patent Office of the Republic of Bulgaria. The evaluated data aims to find correlations trends, and the influence of training on innovation indicators like patents and utility models. The main results illuminate Bulgaria’s CVT development, availability, focus, and evaluation. Regression model is used to compare Bulgarian enterprises’ CVT training (2005-2020) to their patents and utility models, to analyze the relationship between CVT in Bulgarian enterprises and their innovation capacity. Future research is proposed.