UK businesses need to up-skill their managers and leaders
When the UK leaves the EU in about two years’ time, many of the incentives for other countries to import UK products and services may be lost. If the value of the pound stays low then this may be enough to encourage other countries to buy from the UK, but we need to up our game to remain competitive.
So what’s the problem?
The UK Commission for Employment and Skills survey 2015 raises doubts about the adequacy of skill levels of UK managers to enable the UK to take advantage of opportunities, capitalise on innovation and secure growth in performance and productivity.
Given the importance of skilled people as a global currency, it is surprising to find that around a third of UK companies do not provide training and development for staff.
The UKCES survey found that the skills shortages reported by employers have the potential to be very damaging to business and that managers are the occupational group least likely to receive training. Almost half (48%) of UK managers have not received any form of training in the past 12 months.
What skills are lacking?
The survey reported that the people and personal skills that need improving are:
One of the reasons organisations give for not investing in training and development is lack of Return on Investment.
What’s the answer?
The management and leadership skills identified can be developed using good evidence-based practices.
PMSL provides award-winning* management development programmes with demonstrable ROI. Management & Leadership programmes are accredited by the Chartered Management Institute (CMI) and are tailored to meet organisations’ specific development needs.
So if you want to ensure you are in a position to take advantage of the new trade agreements, start developing your managers and leaders now.
*Winner of three 2016 ABP Workforce Experience Awards: