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The benefits and costs of training: A comparison of formal company training, vendor training, outside seminars, and school‐based training
Author(s) -
Lengermann Paul Adrian
Publication year - 1996
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/(sici)1099-050x(199623)35:3<361::aid-hrm5>3.0.co;2-v
Subject(s) - training (meteorology) , earnings , vendor , work (physics) , business , sample (material) , psychology , operations management , medical education , marketing , economics , finance , medicine , engineering , mechanical engineering , chemistry , physics , chromatography , meteorology
This paper presents estimates of the amount of training received by a large sample of United States adults aged 23–35 and uses a more sophisticated model than many previous studies to analyze training's impact on earnings. While workers reap substantial benefits from training, only a small minority actually receive it. Workers generally do not work fewer hours or accept lower wages during training, so they apparently bear few training costs. The low incidence of training may be due to Federal regulations that prevent employers from sharing training costs with their employees. Implications for managers, employees, and society are discussed. & copy; 1996 by John Wiley & Sons, Inc.