On The Job Training
Many firms are willing to train internal employees for other positions. Since they find no use in workers with experience from other places, they prefer to promote young workers and train them on-the-job. Firms want to maintain the investment afterwards; therefore they offer the employees job security and structured promotions. Due to the importance of on the job training, the promotion is often given by seniority. Also, this way of promotion encourages on the job training, since the eldest worker is not afraid that the young one replaces him. Employers benefit from this more stable relationship because they reduce the cost of training.
Read more about this topic: Internal Labor Market
Famous quotes containing the words job training, job and/or training:
“Do we honestly believe that hopeless kids growing up under the harsh new rules will turn out to be chaste, studious, responsible adults? On the contrary, by limiting welfare, job training, education and nutritious food, won’t we plant the seeds for another bumper crop of out-of-wedlock moms, deadbeat dads and worse?”
—Richard B. Stolley (20th century)
“[God] destroys both the blameless and the wicked.”
—Bible: Hebrew, Job 9:22.
“Dancing is a wonderful training for girls, it’s the first way you learn to guess what a man is going to do before he does it.”
—Christopher Morley (1890–1957)