8 Tips for Managing Staff Through Hard Times

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One of the easiest line items to cut is employee training. But that's a mistake, according to Bernie Marcus, the billionaire founder of The Home Depot, the Atlanta-based home improvement retailer. "Training sometimes seems like a small thing, but it is actually the first step in empowering people to do their jobs well," Marcus says. "No matter what an employee’s position was within the company, he or she could make a contribution by being creative or working hard. Training combined with providing employees a sense of belonging and rewarding them for results were the keys to our success."