CMI responds to UKCES employer skills survey
British firms must invest to tackle ‘talent poverty’
28 January 2016
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: https://www.gov.uk/government/organisations/uk-commission-for-employment-and-skills
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)
- Ends -
For further information, interviews or case studies please contact:
- The Chartered Management Institute (CMI) is the only chartered professional body for management and leadership, dedicated to improving managers’ skills and growing the number of qualified managers.
- Our professional management qualifications span GCSE to PhD equivalent levels, including the unique Chartered Manager award, which increases earnings potential and improves workplace performance.
- We provide employers and individual managers with access to the latest management thinking and with practical online support which helps them embrace change, create high performing teams and keep ahead of the curve.
- With a member community of 120,000+ managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers build their expertise through online networks, regional events and mentoring opportunities.
Visit www.managers.org.uk for more information, or follow us @cmi_managers