Human capital increases with on-the-job training.Group of answer choicesTrueFalse

The statement "Human capital increases with on-the-job training" is True.

Explanation:

Human capital refers to the economic value of an individual's skills, knowledge, and experience. On-the-job training is a practical approach to education that allows employees to acquire new skills and improve existing ones while performing their job tasks. This type of training enhances an employee's productivity, job performance, and professional development, which ultimately contributes to the overall economic output of an organization.

When employees engage in on-the-job training, they often learn specific tasks, problem-solving techniques, and system operations that are unique to their roles. This increases their competencies, which can lead to promotions or improved job security. The investment in training is also beneficial for employers, as a well-trained workforce can lead to higher levels of efficiency and innovation.

In summary, on-the-job training directly contributes to the growth of human capital by equipping workers with the skills needed to perform complex tasks effectively, thereby increasing their value in the labor market.