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Skill, Training, Organisational Commitment and Unemployment: The Economics of a Labour Strategy Management

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  • F Green

Abstract

This paper argues that trainging often has a wider role than just the acquisition of technical skills and that company training ought to be analysed as part of a broader labour management strategy for companies. Evidence is adduced for this, drawing on both ecnomic and management literatures, and in particular on analyses of organisational commitment. A micro model of human capital acquisition in the firm is examined, and it is shown that different human resource policies are mutually reinforcing. A macro model of efficiency wages is also developed, but one that is modified by the presence of a labour management strategy. It is shown that the strategy tends to reduce both unemployment and wages, and to have ambiguous effects on welfare. It is suggested that variations in organisational commitments and associated labour management strategies, can account for some basic stylised facts about the distribution of unemployment.

Suggested Citation

  • F Green, 1996. "Skill, Training, Organisational Commitment and Unemployment: The Economics of a Labour Strategy Management," CEP Discussion Papers dp0313, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepdps:dp0313
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    Cited by:

    1. Van Reenen, John & Dearden, Lorraine & Reed, Howard, 2000. "Who Gains when Workers Train? Training and Corporate Productivity in a Panel of British Industries," CEPR Discussion Papers 2486, C.E.P.R. Discussion Papers.
    2. Anna Vignoles & Fernando Galindo‐Rueda & Leon Feinstein, 2004. "The Labour Market Impact of Adult Education and Training: A Cohort Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(2), pages 266-280, May.
    3. Francis Green & Steven McIntosh, 1998. "Union Power, Cost of Job Loss, and Workers' Effort," ILR Review, Cornell University, ILR School, vol. 51(3), pages 363-383, April.
    4. Green, Francis, 2000. "The Impact of Company Human Resource Policies on Social Skills: Implications for Training Sponsorship, Quit Rates and Efficiency Wages," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(3), pages 251-272, August.
    5. Rahmah Ismail & Zulridah Noor & Abd Awang, 2011. "Impact of Training under Human Resource Development Limited on Workers’ Mobility in Selected Malaysian Services Sector," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 1(2), pages 146-159, December.
    6. Alan Felstead & Francis Green & Ken Mayhew & Alan Pack, 1999. "The Impact of Training on Labour Mobility," Studies in Economics 9910, School of Economics, University of Kent.

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