Q.Analyze the term “On-the-job-training”.
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Start your 14-day free trial to unlock the full solution →On-the-job training is one of the key sources of human capital formation, in which workers build up their productive skills and expertise through direct, hands-on experience of doing the job itself, typically on the employer's premises and often at the employer's expense.
Unlike formal classroom-based vocational training, on-the-job training takes place in the actual working environment -- a new or existing employee works alongside experienced staff, uses the real equipment/processes of the firm, and gradually masters the specific skills, procedures and conduct required for the job. It can take various forms, such as direct supervision/mentoring, job rotation, or apprenticeship-style learning. Because it raises workers' productivity, employers often bear part or all of the cost of such training, viewing it as an investment analogous to physical capital investment -- it improves the stock of human capital of the labour f …
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