Although early human capital theory recognized the relevance of workers' experience, its focus was on education and formal training. More recent studies show that much of the performance of newly hired workers is driven by learning by doing or learning from peers or supervisors in the workplace....

This study uses an international dataset (26 countries) in examining the questions of what determines employee training from an organisational perspective and to what extent training investments contribute to company performance. The results indicate that the provision of company training is...