BUILDING ORGANIZATIONAL RESILIENCE THROUGH HUMAN CAPITAL: EVIDENCE FROM BELGIAN-OWNED ENTERPRISES OPERATING IN UKRAINE

The growing economic uncertainty caused by the war in Ukraine has increased the importance of organisational resilience and highlighted the strategic role of human capital in ensuring business continuity, adaptability, and recovery. This study aims to explore the relationship between human capital development practices and organisational resilience among Belgian-owned companies operating in Ukraine under conditions of war and prolonged uncertainty. The research combines a review of the relevant literature with an empirical analysis of Belgian-owned enterprises in Ukraine. The empirical component is based on a database covering 137 companies and a survey of 29 Belgian-owned enterprises conducted in 2025. Organisational resilience was assessed by two criteria- revenue dynamics and employee count dynamics during the period 2021-2024, while survey data were used to examine workforce development practices and managerial perceptions regarding their contribution to organizational resilience. The findings reveal substantial variation in organisational resilience levels among Belgian-owned companies operating in Ukraine. Although wartime conditions significantly affected business activity, many enterprises demonstrated an ability to maintain operations, preserve employment, and adapt to changing market conditions. A strong positive correlation was identified between revenue performance and workforce dynamics. The survey results indicate that most companies actively invest in workforce development through training programmes, dedicated training budgets, workforce development strategies, and other human capital management practices. Technical, digital, language, and customer-oriented skills were identified as the main priorities for workforce development. The study concludes that human capital development represents an important enabling resource for organisational resilience; however, the relationship is not linear and cannot be explained solely by the presence of workforce development measures. Organisational resilience outcomes are influenced by a broader set of organisational and contextual factors, including market conditions, company characteristics, and wartime challenges. The findings highlight the need for multidimensional approaches to measuring organisational resilience and provide practical insights for companies, policymakers, and foreign investors seeking to strengthen organisational resilience through workforce development.