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:
“But what we gain’d in Skill we lost in Strength.
Our Builders were with Want of Genius curst;
The second Temple was not like the first;
Till you, the best Vitruvius, come at length,
Our Beauties equal, but excel our Strength.”
—John Dryden (1631–1700)