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Knowledge@Wharton: Why Some Companies Retrain Workers, and Others Lay Them Off

Knowledge@Wharton: Why Some Companies Retrain Workers, and Others Lay Them Off
"Because it is an asset that exists between individuals rather than within each individual, social capital may suggest why it could make sense to reinvest in and retain individuals even if their job-specific skills are obsolete: The relationships they maintain with others may create value that extends beyond their ability to perform their current job."
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