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• W2496701901 abstract "Programs for skills development while on the job are crucial for economic performance and growth. In fact, a signifi cant part of human capital is accumulated through on-the-job training (OJT), and, over their lifetimes, workers acquire most of their new and improved skills on the job. Especially when tastes and technologies change rapidly, human capital investments are important in maintaining fi rms’ competitiveness, innovation, and growth. Without a workforce that continually acquires new skills, appropriating all the returns from technological progress is diffi cult. As preemployment and technical training are increasingly criticized for producing skills that do not immediately align with the labor market, investment in job training by the private sector gains additional relevance for skills development policy. This chapter presents important patterns in OJT and discusses policy tools to promote that investment in the developing world. On-the-job skill development can be accomplished through both formal training, provided mainly by employers, and informal processes, including learning by doing. OJT can also take place at both formal and informal fi rms. Depending on the defi nition of formality in skill development at the fi rm level, the content and scope of OJT will vary. In this chapter, on-the-job training is defi ned as formal training provided by private sector fi rms to Employer-Provided Training: Patterns and Incentives for Building Skills for Higher Productivity" @default.
• W2496701901 created "2016-08-23" @default.
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• W2496701901 date "2012-07-05" @default.
• W2496701901 modified "2023-09-26" @default.
• W2496701901 title "Employer-Provided Training: Patterns and Incentives for Building Skills for Higher Productivity" @default.
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• W2496701901 doi "https://doi.org/10.1596/9780821387146_ch04" @default.
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