Call to train managers as survey results released
By TJ (07-09-2007)
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A recent worldwide study of management practices and productivity conducted by the London School of Economics (LSE), McKinsey & Co. and Stanford University, found that one in 12 British firms were ‘very badly managed’.
The study of over 4,000 companies around the world blamed the poor performance of British businesses on a lack of management training and a high share of ‘traditional family firms’, where management positions were handed down to family members without appropriate training.
Alliance Learning says businesses should be concerned by the findings. Ian Chadderton, Management Training Co-ordinator with Alliance Learning comments:
“These are alarming statistics and businesses should take heed. Mis-management costs businesses much more in the long run than training, and management training, whether it’s for first line managers or team leaders, is invaluable for any company. Managers today need to be aware of and kept up to date with employment legislation, health and safety law, management practices and a whole range of issues in the workplace.”
With the Recruitment Confidence Index (RCI) pointing to the highest levels of staff turnover for five years, Ian warns businesses that hiring and firing is not the answer.
“The Alan Sugar approach may look good on TV, but for any business high staff turnover is counter productive. Businesses need to train their managers not recycle them and the benefits of having a properly trained management team are measurable in motivation, staff retention, quality and productivity.”
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