(SOLVED) Should personal workers’ training and certification be subsidized by tax dollars?
Type of Paper: Question-Answer
Academic Level: Undergrad. (yrs 1-2)
Paper Format: APA
Should personal workers’ training and certification be subsidized by tax dollars?
Expert solution paper
In the health care organization, there should be various payable and non-payable tax criteria. As the citizen of the country as there should not have any tax for the employee.In the name of the trainees and personal certification workers there should not be any tax is payable, why because the training period after their qualification and entering to theirs working period, so there should not have any tax because upgrading the skills of employee will lead to quality care of patient as well as establishing of mutual goals of organization. In further it will also leads to healthy outcome by the organization. In the case of migrant workers there should be an amount of tax is payable by the basis of annual. It us for the benefits of national and international service provided by the country.
Workers in various industries need to regularly update their skills and attitude as the constant development of new technologies and processes results in new methods of production. For example, by the era of pandemic 2020, more than one-third of the core skill sets of most occupations will be skills that are not considered crucial to today’s workforce. These rapid changes indicate a need for continual training. It seems likely that employers are underinvesting in worker training for several reasons. Firms may have a lower incentive to provide worker training as employees accrue most of the gains from training, which results in increased bargaining power, and because employees can leave for or be poached by competitors. Solutions that can directly tackle market failures or distortive institutional labour market settings that result in human capital underinvestment are generally more efficient than fiscal solutions, such as tax incentives or public subsidies. However, direct solutions may not always be feasible, for example due to political considerations or due to the nature of human capital (e.g., it cannot be used as collateral). Under these circumstances, fiscal incentives may provide a second-best solution.