If there is turnover in the market,

Question

Quizplus · Accepted Answer

Turnover in the market means that there are more job openings and a higher demand for skilled workers. This puts pressure on firms to offer training to attract and retain workers. However, since the costs of training are specific to the firm's needs, the worker and firm are likely to share the costs. On the other hand, general training may not provide a competitive advantage for the firm, so the worker may be responsible for the full cost.

If There Is Turnover in the Market