CMI Manifesto 2019: Invest in Management and Leadership Before It’s Too Late
The next Government has a responsibility to rebuild confidence in the British economy by placing skills and training at the forefront of its agenda. The Chartered Management Institute is today calling on all political parties to address the skills gap in the UK economy - which will need 1.9 million new, effective managers by 2024, according to CMI research.
Ann Francke, CEO of the Chartered Management Institute, on the launch of the CMI manifesto said:
"The UK needs to invest in the skills of the modern knowledge economy - digital, advanced manufacturing and infrastructure. But what is vitally important is that we also include management and leadership skills in that investment. Without good managers and leaders, all those skills in these various sectors will not be harnessed in order to boost Britain's productivity."
The CMI is calling on the next Government to eliminate the 'Accidental Manager' - those managers promoted without any coaching, training or support from their employer - by adopting the following measures:
- Commit to increasing the number and standard of qualified managers and leaders across the UK. This will ensure inclusive workplaces are embedded in working culture as well as boost productivity.
- Accelerate efforts to close pay gaps. Extend reporting requirements to include more organisations; require employers to set targets for closing the gap, and to report annually on progress.These should include additional measures such as ethnicity, availability and use of flexible working, and shared parental leave and pay.
- CMI believe it is time for ‘Transparency with Teeth’. When firms fail to meet their transparency and reporting commitments regarding diversity and inclusion, the government should have the power to impose sanctions. Consider limiting access to contract opportunities, or extracting fines that could be used to fund programmes with a demonstrable impact on closing gender and ethnicity pay gaps. Consider introducing incentives for firms to invest in female leaders and upskilling women returners because the talent pipeline remains broken.
- Raise awareness and implementation of flexible working. Only 1 in 4 managers fully understand flexible working legislation, and government data suggests the take-up of Shared Parental Leave, designed to increase the time men spend with their new child, may be as low as 2%. Our recent survey showed that only 11% of managers have had someone they manage take Shared Parental Leave in the last 24 months, compared to 33% for parental leave.
- Ensure all school and college leavers and graduates have access to leadership and management development as a core part of their studies. By 2030, 375 million workers worldwide, around 14% of the global workforce, may need to find new jobs and careers as automation and advances in AI transform the world of work. Some existing roles and occupations will disappear, and many new ones will be created: some forecasts predict that 85% of the jobs in 2030 do not exist yet. This will require retraining and reskilling on an unprecedented scale.
- Work closely with professional bodies on the roll-out of new education routes (such as T-levels) and in the development of occupational standards. UK education needs to keep up with quickly changing employability needs. Recent policy interventions, for example, to boost the quality of technical education routes, are welcome but T-levels are yet to be rolled out and many people are confused about the value and relevance of different routes. For example, in schools there are still big gaps in how apprenticeships and technical education are perceived and presented.
- Involve professional bodies in a national awareness-raising campaign around the different routes through higher-level education: cover, holistically, T-levels, Higher Technical Qualifications, degrees and degree apprenticeships. This should link to continued pressure on schools to provide effective careers guidance covering all educational routes and options.
- Ends -
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Chartered Management Institute (CMI)
- The Chartered Management Institute is the Chartered professional body for management and leadership, counting more than 132,000 managers and leaders in its membership community
- There are 7,697 Chartered Managers
- Backed by a unique Royal Charter, CMI is the only organisation able to award Chartered Manager status - the ultimate management accolade, which is proven to boost individuals’ career prospects, management capability and impact in the workplace.
- New research by CMI, Russell Reynolds Associates and 30% Club on "Sponsoring women's success" - executive leaders views on sponsoring and mentoring" is out now - to receive copies of the report please contact CMI.
- Women make up 73% of junior managers but only 32% make it to director level, and male managers are currently 40% more likely to be promoted than female managers. Future projections show the scale of the challenge: with the economy needing 1.9m new managers by 2024, 1.5m need to be women in order to achieve gender balance.