SME bosses failing to provide management training despite knowing how important it is
New research by SME finance provider Close Brothers has revealed that two in five small firm owners do not provide any management training to their employees, even though the vast majority believe that such skills are vital to a worker’s success.
Mike Randall, CEO of Close Brothers Asset Finance, said: It comes as a surprise that a significant amount of businesses do not offer management training, despite a firm belief that leadership is linked strongly with success. Leadership is a quality that helps direct, motivate and inspire others and it must be taught across all sectors of business.
an effective leadership training programme will most certainly help in creating a winning atmosphere within any business. Those who have responsibilities for managing others need to be properly trained in order for their business to run smoothly and increase the chances of success.
Another recent study carried out by the Chartered Institute of Personnel and Development (CIPD) indicated that only?one quarter of non-HR business leaders believe that their organisation’s goals are being met by its current people management strategy.
with people being at the heart of how businesses operate, HR has a significant role to play in wider organisational innovation. This requires business-wide systemic thinking and action to affect change, said CIPD research advisor Jill Miller.
Hannah Wilkinson is a reporter for Business Advice. She studied economics and management at Oxford University and prior to joining Business Advice wrote for Kensington and Chelsea Today about business and economics as well as running a tutoring company.
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