Practicing Success
Practicing Success
CUET Preparation Today
What is the primary purpose of on-the-job training in terms of human capital formation? |
To reduce labor costs for the firm. To provide workers with self development opportunities. To enhance labor productivity at a cost lower than the benefits gained. To increase the duration of a worker's employment with the firm. |
To enhance labor productivity at a cost lower than the benefits gained. |
On-the-job training contributes to human capital formation by increasing the skills and productivity of workers. The key objective is to ensure that the benefits obtained from this training, in the form of enhanced labor productivity, exceed the initial training costs, making it a valuable investment for the firm. |
