The risks you run by being in management having had no training

If you are in management and have had no management training, don’t worry, you are not alone: the CIPD reports that 36% of UK managers have had no preparation for the role.  OK, so what are the risks?

  1. Unless you are one of the lucky 10% that Gallup reports as being natural managers, you are much more likely to be seen as one of the 43% of managers rated as inefficient by their staff (BIS: Leadership and Management in the UK – the key to sustainable growth).  If you are seen as inefficient by staff that will affect their productivity and engagement.
  2. The profitability of your operation could be up to 48% lower than managers with better training and development!
  3. You are quite possibly working for one of the 75% of organisations that report a skills gap in management and leadership.
  4. There is a significantly higher risk of business failure – insolvency experts report that “poor” management is the root cause of 56% of company failures.
  5. You could be missing out on 23% improvements in results by having a lack of training.
  6. You are less likely to be able to manage change without getting resistance from staff.
  7. You are far less likely to be a good planner and strategist.
  8. You are more likely to experience loneliness and isolation.

Not a pretty picture!  Minimise the risks and build your confidence by investing in some training and development.  You’ve only got a 10% chance of being a natural at management.

I raise money for the Alzheimer’s Society in the UK – a very small donation at http://www.virginmoneygiving.com/everyonedeservesgoodmanagement would be most appreciated.

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