Bring out the need for on the job training for a person Economics CBSE class 11 ncert

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Bring out the need for on-the-job-training for a person. -Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 5: Human Capital Formation in India
(NCERT textbook questions)


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Expenditure on on-the-job training is a source of human capital formation. Benefits of training are more than the cost incurred in training workers. Generally, senior and experienced workers in the organisation provide on-the-job-training to junior workers. Information bringing out the need for on-the-job training for a person:
It provides return in the form of increased labour efficiency and productivity.
It increases the accessibility of people to modern and scientific ideas.
It increases the efficiency and ability of people to absorb new technology.
It helps in reducing the wastage of time and money and thus ensures optimal utilisation of resources.
It helps in reducing the burden of the supervisor.
It makes employees better equipped to face new challenges and deal with various situations and problems.
It enables to handle complex machines in a more efficient manner and hence reduces the occurrence of accidents. 


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