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Much has changed in the recessionary economy, thousand of companies around the globe have slashed training budgets, downsized training and HR staffs and cut back on both personal and professional development opportunities for employees. This rather quick-fix, training-is-just-another-line-item-to-be-cut mentality typically has followed on the heels of massive layoffs or, put more delicately, "corporate realignments." The fundamental difference between these dime-a-dozen companies and the top companies around the world , however, is an unwavering commitment to people and their corresponding development in the face of, and sometimes in spite of, economic uncertainty. These Top companies have tacit social contracts with their employees that go well beyond paychecks and perks du jour, solidifying corporate cultures that continually foster and reward both the creation and application of knowledge, not only for the betterment of the company, but for the betterment of the individuals that constitute their workforces as well. ARA believes that businesses
flourish when everyone involved performs at their peak.
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