A recent study by Turner College adjunct management professor Hyeran Choi and Ga Woon Ban of the Korea Research Institute for Vocational Education and Training that appears in the International Economic Journal presents an international comparison of the relationship between employee skills and labor market performance. As Choi and Ban explain, human capital theory emphasizes that skills have a positive effect on labor market performance, which is evident in most countries. However, skill levels do not have a positive impact on employability and wage in South Korea, unlike other OECD countries. Choi and Ban use data from the Programme for the International Assessment of Adult Competencies (PIAAC) to analyze how various skill dimensions influence employment outcomes and wage levels. The authors combine regression-based analysis with a repeated sampling approach and find that policies focusing solely on the supply side of skills, such as expanding education and training, may have a limited impact on improving employment and wages in the Korean labor market. Choi and Ban conclude that while human capital investment remains crucial for labor market outcomes, the results suggest that Korea could achieve greater effectiveness by complementing these efforts with workplace innovation policies aimed at increasing the demand for skills.
The long-awaited journal review being conducted by the Australian Business Deans Council (ABDC) has been released and there are a number of news items that relate to faculty in the Turner College. One of these is the ABDC's decision to now include Compensation and Benefits Review in its journal rankings. This is big news for the Turner College as its editor, Phil Bryant , is a professor of management in the Turner College. The ABDC is proposing that the journal enter its system for the first time as a C-rated journal. Acting Turner College Dean Tesa Leonce sits on the journal's editorial board, while Turner College management professor Mark James has guest-edited an issue of the journal. Published by SAGE, Compensation & Benefits Review is the leading journal for senior executives and professionals who design, implement, evaluate and communicate compensation and benefits policies and programs. The journal supports compensation and benefits specialists and academic ex...
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