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:
“For in the word death
There is nothing to grasp; nothing to catch or claim;
Nothing to adapt the skill of the heart to, skill
In surviving, for death it cannot survive,
Only resign the irrecoverable keys.
The wave falters and drowns. The coulter of joy
Breaks. The harrow of death
Depends. And there are thrown up waves.”
—Philip Larkin (1922–1986)