Discuss the need for ‘On the job training’ for an employee.
In the rapidly evolving competitive environment, on the job training becomes a vital requirement for an employee.
Need for On the Job Training: Adaptation to New Technologies: On the job training helps employees keep pace with technological advancements, improving their ability to work efficiently.
Enhanced Productivity: Training directly impacts the productive capacity of employees by improving their skills and expertise.
Cost Effective: The benefits from such training often outweigh the associated costs, making it an economically viable investment for organizations.
Conclusion: On the job training is essential for continuous skill development, keeping employees competent in a dynamic business environment.
Year | Unemployment Rate (in percent) | Number of unemployed (in millions) | Labour Force Participation Rate (in percent) |
2010 | 15 | 30 | 70 |
2020 | 20 | 50 | 80 |