This is a difficult time to be a young and driven professional in corporate SA. The country’s dire economic situation has resulted in the implementation of severe cost-cutting measures across most corporations, leading to drastic hiring freezes and mass retrenchments. Unfortunately, in such a climate, there is also a growing narrative that formal and informal executive education is a frivolous expense that should be reduced, and that employees must simply consider themselves “lucky to even have a job”.

While spending less on developing talent may appear to save companies money in the short term, the long-term effect of cutting back on professional development opportunities will surely result in a less engaged and productive workforce, and will ultimately lead to an accelerated brain drain.

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