HRMT 301 Lecture Notes - Lecture 5: Active Labour Market Policies, Flexicurity, Lifelong Learning

• School: Athabasca University
• Department: Human Resource Management
• Course: HRMT 301
• Professor: S Seth

Document Summary

Human capital theory states that education should lift people from poverty. Education is an investment which will bring individuals and the society benefits. The theory suggests that people can increase their lifetime earnings. Lifelong learning policies lead us to believe that by continuously developing skills and gaining knowledge we remain competitive and stand to gain better working positions. Canada can be said to be a knowledge- based economy in which we strive to make sure our people gain the best knowledge to advance in the labour market and help companies bring in bigger profits. Canada wants everyone to learn more but they are not willing to provide more and better job positions for those who spend the time and money to gain the extra skills. Training programs should be more flexible and provide more support for programs to help all those needing to and wanting to develop skills. Flexicurity is based on the co-ordination of employment and social policies.