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Therefore, culture can affect the people's economic systems and efforts to invest in education.
Education and Skill Levels
Countries differ in the level to which their labor markets include people with education, and skills of value to employers. "The education and skill levels of a country's labor force affect how and the extent to which companies wants to operate" (Gerhart, Hollenbeck, Noe, & Wright, 2004, chapter 15, pg 484); poorly educated populations will have, low wage jobs; where as, high rate college education will yield a high productivity and low turnover.
Economic System
The economic system of a country can influence HRM practices whether the
system is capitalist or socialist...
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