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We do end up having them if the boss has extra time to spare. It does help give all of assurance about the direction of the company in the near future
I have a one-on-one with my boss every quarter. It has been super helpful to me for my growth and learning. I have a great boss that I really look up to.
I have informal one on ones when I need to review things or ask questions. I think informal is better since I can ask questions as I go. To me a formal one on one is like a meeting. I don't feel like setting up an agenda and preparing for a meeting. I am way too busy for that.