Encyclopedia Of Human Resources Information Systems: Challenges In e-HRM

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Executive Summary

The dominant discourse in education and training policies, at the turn of the millennium, was on LifeLong Learning (LLL) in the context of a knowledge-based society. Globalization has exacerbated differentiation in the labor market, with the First World converting faster to a knowledge economy and a service society, while a great deal of the actual manufacturing is done elsewhere. People are the most important asset in a "Knowledge based/learning economy", because "What is at stake in this is the capacity of people, organizations, networks and regions to learn."

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