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UK managers 'overestimate their own abilities'
Efforts to improve standards of management among UK companies are being held back by business leaders overestimating their own abilities.
These are the findings of a new report from the Chartered Institute of Personnel and Development (CIPD), which suggests that 72 per cent of employers currently report a deficit of leadership and management skills.
Similarly, only 58 per cent of workers are satisfied or very satisfied with their bosses' abilities, but this is not reflected by managers' own perceptions of themselves, with eight out of ten believing their staff are happy with them.
According to the CIPD, even a small effort to improve standards in this area could lead to extensive benefits in terms of employee engagement, wellbeing and productivity.
Ben Willmott, head of public policy at the CIPD, said: "Leadership and management capability continues to be an Achilles heel for UK plc, despite mounting evidence that these are skills-for-growth essentials."
This comes after the Chartered Management Institute warned businesses earlier this week that they must not cut back on management and leadership development due to the recession.
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