In the next 12 months, 62% of manufacturing companies are looking to recruit process operators, engineers and line managers according to a recent study by Sage & MAKE UK. However, there is a huge opportunity to train leaders from within the organisation, instead of hiring externally. In the long term this tends to be the most cost effective and ensures people at the managerial level already fit the company culture.
The tendency to promote people with good technical skills but poor people skills is a common problem in the UK, as well as failing to provide training until people have been in a job for years, according to what David Pardey of the Institute of Leadership and Management said to the Financial Times.
Multiple studies have shown leadership training has a profound effect on multiple organisational levels (Lacerenza, Reyes, Marlow, Joseph, & Salas, 2017). Leadership training widens participants’ perception of satisfaction, increases their learning capacity, and drives results that affect the organisation as a whole. Yet, 7-in-10 UK employers are not providing ANY management training for first-time managers (according to CMI) so it’s no surprise that when it comes to management skills, Britain is falling well behind its counterparts in other leading economies. Even though British workers are becoming more productive, they are still on average 20 percentage points LESS productive than workers in the rest of the G7 economies.
41% of business leaders believe that their organizations fail to meet the needed leadership standards and 80% of the executives admitted that strengthening organisational leadership is a high priority.(Leadership Training Statistics: Data, Insights & Predictions, 2022).
The Department for Business, Innovation and Skills (BIS) has estimated the cost of poor management and leadership to the UK economy at £19bn a year through lost productivity.
If you’re looking to up your game and learn the latest process-based thinking methods, leadership and project management skills, then join us for our upcoming webinar (1 December, 11am) for Process Leader’s development pathways. In this webinar, you’ll learn key aspects of development that could make your projects more efficient and effective through process improvement.
View our later FREE Biopharmaceutical & Chemical sector infographic reports below or download PDF versions to print.