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.
Read the following statements carefully:
Statement 1: Expost savings and Expost investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to exante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following: