Skill Specificity
Skill specificity has two effects important to the generation of the ILM: it increases the proportion of training costs borne by the employer, as opposed to by the trainee and it increases the absolute level of such costs. Companies are ever more seeking individuals with specific talents that can be an asset to their organization. Firms that require specifically trained individuals look for a stable labor force.
Read more about this topic: Internal Labor Market
Famous quotes containing the word skill:
“I believe it is the conviction of the purest men, that the net amount of man and man does not much vary. Each is incomparably superior to his companion in some faculty. His want of skill in other directions, has added to his fitness for his own work.”
—Ralph Waldo Emerson (1803–1882)