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:
“Or shatter too with him my curious frame:
And let these wither, so that he may die,
Though set with Skill and chosen out with Care.
That they, while Thou on both their Spoils dost tread,
May crown thy Feet, that could not crown thy Head.”
—Andrew Marvell (1621–1678)