Human Resource Development

Question 1

Why does having developed workers give organisations a competitive advantage?

Answer 1

Workers who are encouraged to continuously enhance their skills, knowledge, creativity, and initiative create drive for continuous improvement

Question 2

What is the primary aim of learning and development strategies?

Answer 2

They aim to ensure that people acquire and develop the knowledge, skills, and competencies to carry out their jobs effectively and advance their careers

Question 3

What are the four things that learning and development involve?

Answer 3

Training
Learning
Development
Education

Question 4

What is general training according to human capital theory?

Answer 4

General training is easily transferable, and gives benefit to the worker, as the skill can be transferred to other jobs/organisations

Question 5

What is specific training, according to human capital theory?

Answer 5

Training that is hard to transfer between jobs or employers, and as such only accrues benefit to the employer and not the employee

Question 6

According to empirical research, what training is the most financed?

Answer 6

General training is more commonly financed by organisations than specific training, even though it makes more sense to only finance specific training.

Question 7

What is the equilibrium that the UK is stuck in, according tomCarlin and Soskice, 1980?

Answer 7

A low skill, low quality equilibrium