Summaries of the Training and Development course work that we were told to study in 2017. Chapters 1 - 9.
Really comprehensive. Full sentences. Neatly structured.
Chapter 1
Training + Development in the South African Context
GLOBAL MARKETS SHAPING THE SOUTH AFRICAN TRAINING + DEVELOPMENT SYSTEM
- Increasing need to renew approaches to workforce skills development in order to address current skills
shortages due to:
An ageing workforce
High unemployment rates
People don’t want to invest in SA
SA ranked low on education standards (education is linked to training + development)
Dependence on immigration
Lack of wage incentives for workers
- Each nation has its unique challenges and circumstances, but the long-term solution to all of these is skills
development
1. Anglo-Saxon Model (Market Approach)
- Mainly based on human-capital theory
- Suggests that because individuals benefit from general training, and companies benefit from company-
specific training, the arrangements for each should be handled separately
Individuals = General training is their own responsibility
Companies = Provide specific in-house training
- Labour market matches supply of skills with the demand for skills
Skills shortage in IT? Companies that require these skills will pay a premium for them, therefore a larger amount of
people will be attracted to the industry and the excess demand will be eliminated
- AS Model is suited to countries in which industrialisation has been in operation for a while, and in which
there is an efficient labour market (good economy)
USA, Canada, New Zealand & Australia variations in the way skills development takes place
- Biggest benefit?
Maximises the choices open to individuals, instead of placing institutional pressure on employers
to provide training for all their workers
- Very little government intervention, except in times of market failures and to promote voluntary skills
development programmes
- Biggest drawbacks?
Delay between the point of excess skills supply or skills demand and equalisation, therefore they
are confronted by a skills shortage at the peak of a business cycle, restricting the process of
economic growth
No encouragement for development of specific soft skills (planning, numerical or communication
skills) because employers focus only on job-related skills
No strategy has been established to ensure that comprehensive skills development is provided for
the workforce as a whole because firms are driven by the short-term pressure where they are more
likely to pay high wages for those with skills in demand, instead of investing in longer-term skills
2. Asian Tigers Model (Social Partnership Approach)
- Converse of the Anglo-Saxon Model
- Characterised by a high level of government involvement in matching the supply and demand of skills in
the labour market
- Relevant for countries that need to industrialise in a shorter period because it supplements the operation
of the market
- Made it possible for the countries to move from low- to high-skilled economies (higher value added
economies)
- Partnership-driven approach to skills development and requires strong cooperation between the social
partners (employers, trade unions & government)
- Objective is to develop a strong skills base across all sectors of the economy
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller alexiahatjigiannakis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R200,00. You're not tied to anything after your purchase.