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for training per employee, they
use the number of trained employees as their dependent variable. The different results
may, for example, be explained by a reduction of trained employees, while at the same [...] and Pfeiffer, 2006). In addition, experienced employees form the operational
backbone of companies, which makes wage cuts risky as they cause valuable employees to
resign. Considering relative wage adjustments [...] substantial
difference in the training intensity (expenditures per employee). In both types of firms,
training expenditures per employee are increasing, albeit to a lesser extent in the innova-
Chapter 1: …