In today's competitive business landscape, companies are constantly searching for ways to maximize their efficiency and profitability. One often overlooked aspect of this quest is the value that human capital brings to an organization. Human Economic Value Added (HEVA) is a concept that sheds light on this crucial element, allowing companies to understand and enhance the true worth of their employees. Human Economic Value Added (HEVA) measures the economic contribution of human capital to a company. It goes beyond the traditional financial metrics and recognizes the impact that employees have on the organization's overall performance. HEVA takes into account factors such as skills, knowledge, experience, and productivity, providing a more comprehensive evaluation of the value employees bring to the table. Calculating and enhancing Human Economic Value Added is crucial for several reasons. Firstly, it allows companies to accurately evaluate the contribution of their employees, e
BUILDING STRONGER ECONOMIES: HOW THE INTEGRATION WITH THE ORGANIZATION OF TURKIC STATES SHAPES AZERBAIJAN'S FUTURE
Organization of Turkic States (then called the Cooperation Council of Turkic Speaking States - Turkic Council) was established in 2009 as an intergovernmental organization, with the overarching aim of promoting comprehensive cooperation among Turkic States. Its four founding member states are Azerbaijan, Kazakhstan, Kyrgyzstan and Türkiye. During the 7th Summit held in Baku in October 2019, Uzbekistan joined as a full member. Hungary, Turkmenistan and Northern Cyprus joined as an Observer Members to the Organization. Organization is dedicated to strengthening peace and stability, promoting wide-ranging cooperation and disclosing the potential for common development among its member states. Although it brings together a particular group of countries, the organization does not take an exclusive approach. On the contrary, by promoting deeper relations and solidarity among Turkic speaking countries, it aims to serve as a new regional instrument for advancing international cooperation in E