Abstract

Factorial structure of employees' attitude towards enterprise privatization has been identified in the present privatization procedure of one of the largest Serbian insurance company. It is established that the most important issue is the present  enterprise climate as a result of privatization. On the other hand, the research has identified a direct relation between the employees' attitudes and economic efficiency of the company evaluated through business operations economic indicators. According to the research, there is a direct relation between positive employee attitude towards the change of ownership and relevant economic indicators of company's business operations. Generally, with the employees' positive attitude towards the change in ownership structure in the Serbian economy, this will result in more efficient business operations (HPWS).

Key words: Transition economy, privatization, human resources management (HRM), attitudes, high performance working system (HPWS), prediction.