CMI welcomes pre-Budget Report

But a radical new approach to skills development is still needed

In today's pre-Budget Report, the Chancellor announced measures designed to stimulate education and training amongst the under 24s.  Whilst welcoming the move to boost skills amongst new entrants to the job market, the Chartered Management Institute (CMI) believes that we need a radical new approach to skills development to meet the economic, social and political challenges facing Britain.
 
CMI’s latest survey shows that nearly half of all workers quit their jobs because of bad managers and leaders.  The figures, from a survey conducted by OnePoll, also show that 63% admit they haven't had management training. 
 
Against this backdrop, CMI chief executive of CMI, Ruth Spellman says:
"In his pre-Budget report, the Chancellor has concluded that to help recovery and promote growth we need to invest in the skills of young people.   CMI welcomes Mr Darling's proposals, especially as we are calling on Government to make the development of effective managers and leaders a national priority.  There are 4.8 million managers in the UK, a number set to grow to 5.7 million by 2017.  To meet this demand, we need to raise ambition and draw on a wider talent pool.  Young people need the opportunity to develop management and leadership skills while in education.  This is why CMI has launched a Manifesto of its own and why we are calling for Government backing for the development of a Youth Academy for Management and Leadership."
 
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Further information:
Mike Petrook / Jo Bowles, CMI Press Office
Tel: 020 7497 0496; outside office hours: 07931 302 877
Email: press.office@managers.org.uk 
 
Chartered Management Institute
Press Office
3rd Floor, 2 Savoy Court
London WC2R 0EZ

NOTES TO EDITORS
• The Chartered Management Institute (CMI) is the only chartered professional body in the UK dedicated to promoting the highest standards of management and leadership excellence.  CMI is the guardian of the National Occupational Standards for Management and Leadership and sets the standards that others follow
 
• As a membership organisation, CMI has been providing forward-thinking advice and support to individuals and businesses, for more than 50 years, and continues to give managers and leaders, and the organisations they work in, the tools they need to improve their performance and make an impact
 
• As the only organisation to offer qualifications from Level 2 (GCSE) to Level 9 (PhD), CMI is committed to equipping individuals with the skills and knowledge to be exceptional managers and leaders.  Qualifications and accreditations such as Chartered Manager, combined with products such as CMI’s Continuous Professional Development scheme and the online support resource, ManagementDirect, support the development of management and leadership excellence across the UK
 
• Through in-depth research and policy surveys of its 81,000 individual and 450 corporate members, CMI maintains its position as the premier authority on key management and leadership issues