question_answer 15)

Bring out the need for on-the-job-training for a person.

Answer:

Firms provide on-the-job training to their workers to enhance their skill which helps in human capital formation. The workers may be trained in the firm itself under the supervision of a skilled worker or the workers may be sent for off-campus training. On-the-job training is an important factor of human capital formation as it result in enhanced labour productivity. On-the-job training allows trainees and employees lo get acquainted with their co-workers. Training allows the supervisors or managers to assess progress of a person over a short period of time enabling them to determine any flaws or problems and rectifying the problem on the spot. This leads to higher efficiency of not only the person under training but also the organisation as a whole.