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Companies 'must not cut back on management development'

1 May 2012

Businesses have been reminded of the need to cut back on management and leadership development as a result of the ongoing economic downturn.

A survey from the Chartered Management Institute (CMI) has revealed that 83 per cent of managers believe the state of the UK economy - which recently re-entered recession - is having a negative impact on their organisations.

This is leading to negative trends such as pay and recruitment freezes and falling staff morale, while some businesses are even choosing to skimp on training and development.

However, the CMI has warned that such thinking is counter-productive in the long run, as this can undermine organisational growth potential.

Christopher Kinsella, acting chief executive of the CMI, said: "With recent CMI/Penna research showing effective management development can improve organisational performance by as much as 23 per cent, this type of short-termism risks damaging our ability as a nation to grow once more."

Earlier this year, a separate survey from the CMI showed that 43 per cent of UK businesses currently regard their standard of line management as "ineffective", further underlining the need for investment in development.

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Categories: Functional Practices, Human Resources

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