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Why do employers provide formal job skills training?

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Why do employers provide formal job skills training?

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The most common reason establishments gave for providing formal job skills training in 1993 was that training was necessary to provide skills specific to their organization (75 percent). Other important reasons for providing formal job skills training were to keep up with changes in technology or production methods and to retain valuable employees; each of these reasons was cited by more than half of those providing formal job skills training.

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