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:
“Journalist: a person without any ideas but with an ability to express them; a writer whose skill is improved by a deadline: the more time he has, the worse he writes.”
—Karl Kraus (1874–1936)