Figures released by the Chartered Management Institute show that although 74 per cent of individuals believe management qualifications are becoming more important, over half of organisations admit they offer little in the way of career development or training (51 per cent).  Analysis also shows that 81 per cent of employers are experiencing recruitment problems, a fourfold increase since 2002, and 78 per cent suggest retention has become harder.

Jo Causon, director of marketing and corporate affairs at the Institute, says: “Feedback from individual managers provides the clearest indication that pay is not their major motivator.  They want employers to show commitment in the shape of ongoing professional development and, if organisations are serious about retaining the best talent, they urgently need to meet these needs.  Failure to so will, in the short-term, ensure the top talent leaves.  In the long-term it will mean also that a solution to the skills crisis will be no nearer reality than it is today.”

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