This article discusses one of the most important issue in the world. In most of the countries, one of the most important issues at the present stage of economic development of the world is the problem in the field of work with personnel. In the development of social production and increasing its efficiency, one of the first role belongs to labor resources. The production of wealth is impossible without labor. Mechanical means of production, no matter how good they are, do not in themselves have any value and cannot produce any economic effect. And only with the availability of experienced workers and specialists, the security of any production with labor resources, it is possible to achieve high economic indicators, the most complete and productive use of complex and modern machinery and equipment. In the conditions of market competition in production, the system of training and professional development of workers should balance between a quick response to changes in the organization's needs for personnel and providing employees with training opportunities in accordance with their interests and abilities. This is where the requirements for the flexibility of the training system and advanced training, for its ability to quickly change the content, methods, organizational forms in accordance with the needs of the business and the situation on the labor market. In this article, the role of educational institutions, internships, conferences that focus on training personnel are scrutinized in details. Moreover, the article analyzes the processes of educating necessary skills and knowledge for employees and probes into the strategies and approaches of personnel training for modernization of economy. © 2020 IJSTR.
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