JOBS, BUSINESSES, COMMERCE, AND BUDGETS ARE IN LIMBO. As a result, many companies are engaging in cost-cutting initiatives, which has a downstream impact on learning budgets, requiring talent development functions to do more with less. It is ironic that, in times of crisis, companies trim budgets just when they should be increasing them to support employees and leaders as they cope and deal with the challenges ahead. Perhaps it is because managers are not well trained, staff don't have clear processes documented for their jobs, or many employees believe their job is just a job and not something that is helping them build a career. [Extracted from the article]
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