The analysis of how individuals obtained and are paid for their skills is fundamental to labor economics. The basic idea of human capital theory is that workers and firms invest in workers’ skills in order to increase their productivity, must as persons invest in financial or physical assets to earn income. Workers develop many skills through formal education not tied to an employer, but an important part of their skills are learned on the job. Employees acquire skills on the job in a variety of ways. They may train formally in classes, informally by co-workers or supervisors, or they may become more productive without direct training as a result of learning by doing. “H. Francis and M.A. Loewenstein, Foundations and Trends in Microeconomics, Now Publishers, Inc., Hanover MA, USA, 2006, pp. 1-2.”
One of the features of working life today is that whatever education and training s obtained at the start, it will almost certainly become redundant or obsolete during one’s working lifetime. The need to train, and to acquire new knowledge, new skills, and new attitudes has become an everyday aspect of each individual’s working life. In some cases, these may merely be an updating process, but in others, it will require a change from one occupation to another. “Boella, Michael, & Gross-Turner, Steven, Human Resources Management In The Hospitality Industry: An Introductory Guide, Elsevier (Singapore) Pte Ltd., p.119”
Most people have faced the challenge of learning new knowledge and skills as part of their job. Training programs are designed to make this learning easier and less threatening. Yet, training is not meant to benefit individual employees only. The organization expects benefits from employees’ training. In fact training helps insure that employees can do what the organization asks of them. Thus, training is ultimately about the issue of developing high levels of employee and expertise. “Ronald L. Jacobs, Structured on-the-job Training, Berret – Koehler Publishers, Inc., 235 Montgomery Street, Suite 650, San Francisco, California, 2003, p.3”
It can be difficult to form a clear and cohesive picture of what training or internship is like, especially if you never participated in such experience before. One factor that contributes to its difficulty is the fact that internship can take many forms. Students work full days, five days per week in their placements, and their curriculum is arranged so that no other coursework interrupts the day. “Pamela Myers Kiser, The Human Services Internship: Getting the Most from Your Experience, Third Edition, 2012, p.2”
Your attitude in the workplace can be one of the most- if not the most telling aspect of how others of the company look at you and feel about you as a co-worker. Your attitude therefore will definitely define you. Personality according to psychology is made up of the characteristic patterns and thoughts, feelings and behaviors that make a person unique. In addition to this, personality arises from within the individual and remains fairly consistent throughout life.
“Kendra Cherry, What is Personality, http://psychology.about.com/od/overviewofpersonality/a/persondef.htm, May 5, 2013”
According to Elippo, “Training is a continuous process of increasing knowledge and skills for doing a particular job. It is processed to which employees learn knowledge and skill and the purpose of training is basically to bridge up the gap between job requirements and competence of employees.” “Shipra Sharma, Functional Management, Think Tanks Biyani Group of Colleges, 2009, p.89”