POSTED: January 29 2016
CMI responds to UKCES employer skills survey

CMI responds to UKCES employer skills survey

The Chartered Management Institute (CMI) has called on employers to invest in management and leadership skills training to tackle the problem of ‘talent poverty’, following the publication of the UK Commission for Employment and Skills’ Employers Skills Survey 2016.

Petra Wilton, the Chartered Management Institute’s director of strategy, commented:

“British firms may grumble about ‘talent poverty’ but it’s a direct result of businesses’ under-investment in management skills training – especially for more senior roles. Half of candidates lack professional management and leadership skills because the majority of employers don’t offer training to first-time managers.

“We know that 43% of workers rate their line managers as ineffective, failing to recognise or support their talents. This is a finding echoed in today’s figures with two million workers under-used across the UK economy. But this can be addressed – as our research also shows that those who do develop their managers see up to 23% improvements in organisational performance. Chartered Managers on average add more that £391,000 of value to their employers.

“Employers must now take advantage of programmes like the Chartered Manager Degree Apprenticeship to grow their own talent if the UK is ever to rise from the bottom of the G7 rankings on productivity.”

Separate research compiled by the CMI shows that:

  • 71% of UK organisations admit they fail to effectively train first time managers
  • 43% of managers are rated ineffective by those they manage
  • Poor management is costing UK businesses over £19.3 billion a year in lost working hours
  • The UK’s output per hour is 20% lower than the G7 average (ONS)

Full press release on www.managers.org.uk