Scientific Papers


© CSR, 2008-2019
ISSN: 2306-3483 (Online), 2071-8330 (Print)

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Evaluation of personnel risk in the SMEs in the V4 countries

Vol. 16, No 4, 2023


Zora Petrakova


Institute for Forensic Engineering, Slovak University of Technology,


ORCID 0000-0021-1398-9415

Evaluation of personnel risk in the SMEs in the V4 countries

Katarina Frajtova Michalikova


Department of Economics, University of Zilina,


ORCID 0000-0002-4550-6561

Justas Streimikis


Lithuanian Centre for Social Sciences,


ORCID 0000-0003-2619-3229

Vendula Fialova


Faculty of Entrepreneurship and Law, Pan-European University,

Czech Republic

ORCID 0000-0002-2368-0243




Abstract. Personnel risk is one of the significant factors in improving financial performance. Comparing the subjective perception of sources of personnel risk between companies by the company's country of operation can be useful information for companies and national policymakers.  The article aims to identify and quantify disparities and common characteristics in evaluating personnel risk sources between small and medium-sized enterprises (SMEs) in the Czech Republic and other V4 countries.  The perceptions of owners or top managers of SMEs were obtained through an e-mail request to complete a questionnaire. The research sample consisted of 1585 respondents. The Goodness of Fit was used to determine differences in the evaluation of personnel risk among owners or top managers according to the company's locality in the V4 countries. Empirical findings show that Czech SMEs reported the lowest error rate of employees in comparison with other V4 countries. Czech SMEs perceive the staff turnover as low intensity and similar to other V4 countries. The majority of Hungarian SMEs said that their employees are trying to improve their business performance, and healthy competition prevails in their firms. This ratio is more significant compared to Czech, Slovak or Polish SMEs’ attitudes.


Received: February, 2023

1st Revision: September, 2023

Accepted: December, 2023


DOI: 10.14254/2071-8330.2023/16-4/13


JEL ClassificationM21, G32, L26

Keywordsemployee turnover, employee error rate, entrepreneurship, SMEs, quantitative research, V4 countries