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| Experts provide advice on the economic downturn
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 We are faced with some of the most challenging economic times seen since the Great Depression of the early 30s. No one sees a quick fix, but certainly no one believes that the current climate is anywhere near as severe as the 30s.
This was the general consensus from a panel of experts that presented at Drake International's highly successful Economic Forum titled “Human Capital and the Current Economic Climate”. All proceeds from the forum were donated to the Australian Red Cross Victorian Bush Fire Appeal.
Panellists included Leith Doody (Austrade State Manager), Wayne-Kayler Thomson (CEO VECCI), Tom Taylor (International Economist NAB), Scott Chapman (Director of Commerce City of Melbourne) and Bill Pollock (Chairman Drake International). MC was Prof. Pasquale Sgro (Deakin University Head of Economics).
Positives were also raised. Most panel members supported the idea that “green” business, parts of IT&T, and some parts of FMCG are either benefiting, or largely unaffected by the current climate.
Prof. Mark Crosby (University of Melbourne) and Nicole Bernard (China Crest Professionals) later added to the panel’s discussions by providing details on both China’s and Japan’s global position economically.
In total over $1000.00 was raised for the Victorian Bush Fire Appeal, and the Executive Director of the Australian Red Cross Andrew Hilton (MD), was pleased to be given the opportunity to brief all the businesses on their contributions to the already $240 + Million raised. |
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| Organisations fail to get benefits from downsizing
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 Recent research undertaken by Drake shows that organisations are not getting the benefits from downsizing that they seek.
Not only is employee motivation significantly reduced, but only a small percentage of organisations achieve any productivity gain.
Detailed analysis explains some of the reasons. |
| Maximising profitability during an economic downturn
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 Drake is presenting three seminars during April that will provide you with insights on how to improve productivity, staff engagement and morale, and profitability during tough economic times.
LEADERSHIP IN TIMES OF CRISIS
How to maintain an engaged and motivated workforce in the face of economic uncertainty.
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Your business operation doesn’t stop after 5pm, neither should your temporary staff provider. 
In today’s economic times it’s important to make the right hiring decisions to get the most out of the people you employ. Drake P3 helps more than 40,000 managers select and manage over 6 million employees globally. 
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