Explain On-The-Job Training

question 76

Essay

Explain on-the-job training. Additionally, provide some suggestions to overcome the drawbacks related to on-the-job training.

---

Definitions:

Cost Savings

The reduction in expenses achieved by employing more efficient methods or making favorable decisions.

Salvage Value

An asset's anticipated market value upon concluding its period of utility.

Acceptable Project

Refers to a project considered feasible or desirable based on certain criteria such as return on investment, risk level, or alignment with strategic goals.

Investment Equipment

Assets purchased for the purpose of generating income, often through productive use in a business's operations.