Question

What are the different forms in which firms spend on giving on-the-job training to their workers? How is the expenditure regarding on-the-job training a source of human capital formation?

Answer 1

Firms spend on giving on-thejob- training to their workers. This may take different forms: one, the workers may be trained in the firm itself under the supervision of a skilled worker; two, the workers may be sent for off-campus training.

training;

Job training is a source of human capital formation as the return of such expenditure in the form of enhanced labour productivity is more than the cost of it. ... The enhanced earnings outweigh the costs of migration so, expenditure on migration is also a source of human capital formation.

Sources of Human Capital Formation;

• Investment in Education. The most powerful way to improve and expand the fruitful workforce in the state is by nourishing and building up the education system.
• Investment in Health.
• Investment in Health. Migration.
• Investment in Health. Migration. On-the-job Training
• Investment in Information- All the detailed information.
• Investment in Information- All the detailed information. Solved Questions.

Answer 2

Explanation:

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