Literature Survey for - What are the benefits and costs of worker Essay

Literature Survey for - What argon the benefits and costs of worker schooling, and who should pay for study - Essay ExampleMoreover, Acemoglu and Pischke argue that worker training is principal(prenominal) especially with the ever changing technology in organizations (1999, p.2). In a bid to increase productivity and retain relevance in competitive industries, organizations feed to constantly change and adopt to new technology. As a result, workers need to attend trainings on how to effectively use new technology. Studies show that highly adept workers easily and effectively adapt to new tasks and technology compared to low skilled workers. Furthermore, highly skilled workers were free-base to be more innovative hence yielding better performance (Blundell, Dearden, Meghir, and Sianesi, 1999, p. 14). This implies that worker trainings ensure that the stallion workforce is always in conversance with organization equipment and technology thereby maintaining high productivity.In addition, the canonical education attained in institutions of higher learning and other prefatory education providers is arguably not enough to expose optimum results. As a result, there is need for continued worker training to impact the essential knowledge required for maximum productivity. According to Preffer and Fong a consultancy firm can produce a two-year learning experience in colleges in three weeks (qtd. in Xie and Steiner 2013, p.3). This implies that worker training can be considered more effective than the basic education learnt in schools since people already have first-hand experiences in the course of work. However, this is not to say that basic education is irrelevant but it is to lay focus on the need to promote and incorporate worker training in organizations. This is further emphasized by Acemoglu and Pischke who argue that most lines of business require a set of skills that cannot be impacted by the basic education (1999, p. 2). This implies that for maximu m efficiency, worker education should be incorporated