If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It
There is no question that up-to-date job skills are critical to economic performance in today's rapidly changing and fiercely competitive global marketplace. Paradoxically, while the economic efficiency and innovation capacity offered by the u...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/09/8651484/on-the-job-training-so-important-competitiveness-isnt-better-market http://hdl.handle.net/10986/11767 |
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okr-10986-117672021-04-23T14:02:57Z If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It Aterido, Reyes ACCREDITATION SYSTEM BASIC PRINCIPLES BEST PRACTICE BUYER BUYERS CALCULATIONS CENTRAL AMERICA CONTRIBUTIONS CREDITS CURRICULUMS DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH EDUCATIONAL ATTAINMENT EMPLOYMENT EXTERNALITIES FINANCIAL INCENTIVES FINANCIAL MARKET FINANCIAL MARKETS FOREIGN INVESTMENT HUMAN CAPITAL INCOME INCOME LEVELS INNOVATION INVESTING INVESTMENT CLIMATE JOB TRAINING LABOR FORCE LABOR FORCE GROWTH LABOR MARKET LABOR MARKET POLICY LABOR MARKETS LABOR ORGANIZATION LABOR PRODUCTIVITY LABOR TURNOVER LARGE FIRMS LATIN AMERICAN LEARNING LEVEL OF EDUCATION MARKET CONDITIONS MARKET FAILURES MARKET SHARES OPPORTUNISTIC BEHAVIOR PRIVATE PARTNERSHIPS PROFESSIONAL DEVELOPMENT PUBLIC-PRIVATE PARTNERSHIPS RESPONSIBILITIES RETRAINING SALARIES SKILLED LABOR SKILLED WORKERS SKILLS DEVELOPMENT SKILLS TRAINING SOCIAL PROTECTION SUPPLIERS TAX CREDITS TRAINEES TRAINING COSTS TRAINING COURSES TRAINING PROGRAMS TRAINING SCHOOLS UNEMPLOYED UNEMPLOYMENT UNSKILLED WORKERS URBAN EMPLOYMENT VOCATIONAL EDUCATION VOCATIONAL SCHOOLS WAGE WAGES There is no question that up-to-date job skills are critical to economic performance in today's rapidly changing and fiercely competitive global marketplace. Paradoxically, while the economic efficiency and innovation capacity offered by the upgrading of human capital is widely recognized, market forces have proven inadequate for stimulating and linking the demand and supply for this on-the-job training. In theory, employers, who seek a qualified workforce, would create a demand for training providers, who would compete with one another to offer relevant training. However, the demand for training suffers when there is lack of competitive pressure, low profitability, or market imperfections, which contribute to increased likelihood of mismatches between demand and supply. To remedy low levels of skills upgrading and market imperfections, partnerships between the public and private sectors in many industrial and developing countries alike have been formed to boost both competitiveness and employment. Yet these partnerships have often failed to adjust supply and demand of training. This note offers lessons from both the failures and successes of these partnerships in the interest of boosting economic growth through raising the training levels in the workplace. 2012-08-13T15:58:07Z 2012-08-13T15:58:07Z 2007-09 http://documents.worldbank.org/curated/en/2007/09/8651484/on-the-job-training-so-important-competitiveness-isnt-better-market http://hdl.handle.net/10986/11767 English World Bank Employment Policy Primer; No. 8 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCREDITATION SYSTEM BASIC PRINCIPLES BEST PRACTICE BUYER BUYERS CALCULATIONS CENTRAL AMERICA CONTRIBUTIONS CREDITS CURRICULUMS DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH EDUCATIONAL ATTAINMENT EMPLOYMENT EXTERNALITIES FINANCIAL INCENTIVES FINANCIAL MARKET FINANCIAL MARKETS FOREIGN INVESTMENT HUMAN CAPITAL INCOME INCOME LEVELS INNOVATION INVESTING INVESTMENT CLIMATE JOB TRAINING LABOR FORCE LABOR FORCE GROWTH LABOR MARKET LABOR MARKET POLICY LABOR MARKETS LABOR ORGANIZATION LABOR PRODUCTIVITY LABOR TURNOVER LARGE FIRMS LATIN AMERICAN LEARNING LEVEL OF EDUCATION MARKET CONDITIONS MARKET FAILURES MARKET SHARES OPPORTUNISTIC BEHAVIOR PRIVATE PARTNERSHIPS PROFESSIONAL DEVELOPMENT PUBLIC-PRIVATE PARTNERSHIPS RESPONSIBILITIES RETRAINING SALARIES SKILLED LABOR SKILLED WORKERS SKILLS DEVELOPMENT SKILLS TRAINING SOCIAL PROTECTION SUPPLIERS TAX CREDITS TRAINEES TRAINING COSTS TRAINING COURSES TRAINING PROGRAMS TRAINING SCHOOLS UNEMPLOYED UNEMPLOYMENT UNSKILLED WORKERS URBAN EMPLOYMENT VOCATIONAL EDUCATION VOCATIONAL SCHOOLS WAGE WAGES |
| spellingShingle |
ACCREDITATION SYSTEM BASIC PRINCIPLES BEST PRACTICE BUYER BUYERS CALCULATIONS CENTRAL AMERICA CONTRIBUTIONS CREDITS CURRICULUMS DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH EDUCATIONAL ATTAINMENT EMPLOYMENT EXTERNALITIES FINANCIAL INCENTIVES FINANCIAL MARKET FINANCIAL MARKETS FOREIGN INVESTMENT HUMAN CAPITAL INCOME INCOME LEVELS INNOVATION INVESTING INVESTMENT CLIMATE JOB TRAINING LABOR FORCE LABOR FORCE GROWTH LABOR MARKET LABOR MARKET POLICY LABOR MARKETS LABOR ORGANIZATION LABOR PRODUCTIVITY LABOR TURNOVER LARGE FIRMS LATIN AMERICAN LEARNING LEVEL OF EDUCATION MARKET CONDITIONS MARKET FAILURES MARKET SHARES OPPORTUNISTIC BEHAVIOR PRIVATE PARTNERSHIPS PROFESSIONAL DEVELOPMENT PUBLIC-PRIVATE PARTNERSHIPS RESPONSIBILITIES RETRAINING SALARIES SKILLED LABOR SKILLED WORKERS SKILLS DEVELOPMENT SKILLS TRAINING SOCIAL PROTECTION SUPPLIERS TAX CREDITS TRAINEES TRAINING COSTS TRAINING COURSES TRAINING PROGRAMS TRAINING SCHOOLS UNEMPLOYED UNEMPLOYMENT UNSKILLED WORKERS URBAN EMPLOYMENT VOCATIONAL EDUCATION VOCATIONAL SCHOOLS WAGE WAGES Aterido, Reyes If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| relation |
World Bank Employment Policy Primer; No. 8 |
| description |
There is no question that up-to-date job
skills are critical to economic performance in today's
rapidly changing and fiercely competitive global
marketplace. Paradoxically, while the economic efficiency
and innovation capacity offered by the upgrading of human
capital is widely recognized, market forces have proven
inadequate for stimulating and linking the demand and supply
for this on-the-job training. In theory, employers, who seek
a qualified workforce, would create a demand for training
providers, who would compete with one another to offer
relevant training. However, the demand for training suffers
when there is lack of competitive pressure, low
profitability, or market imperfections, which contribute to
increased likelihood of mismatches between demand and
supply. To remedy low levels of skills upgrading and market
imperfections, partnerships between the public and private
sectors in many industrial and developing countries alike
have been formed to boost both competitiveness and
employment. Yet these partnerships have often failed to
adjust supply and demand of training. This note offers
lessons from both the failures and successes of these
partnerships in the interest of boosting economic growth
through raising the training levels in the workplace. |
| format |
Publications & Research :: Brief |
| author |
Aterido, Reyes |
| author_facet |
Aterido, Reyes |
| author_sort |
Aterido, Reyes |
| title |
If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| title_short |
If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| title_full |
If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| title_fullStr |
If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| title_full_unstemmed |
If on-the-Job Trraining is So Important to Competitiveness, Why isn't There a Better Market for It |
| title_sort |
if on-the-job trraining is so important to competitiveness, why isn't there a better market for it |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/09/8651484/on-the-job-training-so-important-competitiveness-isnt-better-market http://hdl.handle.net/10986/11767 |
| _version_ |
1764417923191930880 |