A firm that provides specific training to its workers:

Question

Quizplus · Accepted Answer

A firm that provides specific training to its workers incurs a higher cost than a firm that provides only general training. As a result, the firm will have a stronger incentive to reduce employee turnover because it will face a higher cost of replacing trained workers. Additionally, providing specific training is a way for the firm to signal to workers that it values their skills, which can improve employee morale and reduce turnover.

A Firm That Provides Specific Training to Its Workers