In the knowledge and excellence driven world of today, the pace of change is very fast. Even to stay at the same place, the organizations and people have to run fast. Strategic advantage to the organizations comes only from the core competences, which are developed by the individuals working in it. Such levels of excellence can be achieved only by investing in people. Investment must not confine to compensation only, but must entail the inputs aimed at updating the skills and development of the employees or people.
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