In today’s economy, the odds that employees’ skills will need to be updated have increased, says management professor Peter Cappelli. The question then becomes, is your employer going to reinvest in you through retraining or lay you off and hire someone new? As director of the school’s Center for Human Resources, Cappelli wanted to know why a few companies have remained committed to retraining, even as the ethos of American business has changed. The answer, as Cappelli explains in a new research paper, has a lot to do with what is termed “social capital.”
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