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Many Australian companies don’t even provide regular feedback to their staff, let alone have a formal employee development program. This is a costly mistake. As busy managers give less and less time to developing their people, companies are losing the very employees they need to succeed in the long term.
The Global Financial Crisis (a gift from our good friends, CEOs in the USA) is bringing many of us a lot of pain and there is plenty more to come. However, it also brings us a rare opportunity for change. Let's use this time of pain to make painful changes so that when we hit the upswing, we have a better system.