Practicing Success
Practicing Success
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Why do firms insist that workers work for a specific period of time after on-the-job training? |
To minimize the expenses incurred during training. To ensure the workers are adequately supervised during training. Both 1 and 2 None of the above |
None of the above |
Firms spend on giving on-thejob-training to their workers. This may take different forms: one, the workers may be trained in the firm itself under the supervision of a skilled worker; two, the workers may be sent for off-campus training. In both these cases firms incur some expenses. Firms will, thus, insist that the workers should work for a specific period of time, after their on-the-job training, during which it can recover the benefits of the enhanced productivity owing to the training. Expenditure regarding onthe-job training is a source of human capital formation as the return of such expenditure in the form of enhanced labour productivity is more than the cost of it. |
