Findings from the latest research report for the Chatered Management Institute (CMI) in the UK - 2023

An interesting report has been published this month by CMI regarding a landmark study on the impact that good management can have. Although this report only applies to the UK, the results are worth reviewing, and one must ask what the stats will look like in other countries such as South Africa. Good management practices can lead to a more profitable business and create motivated staff, as has been shown in many studies, as well as satisfied clients, "Happy worker, happy customer", as the saying goes. 

The report highlights the following statistics: 

1. 82% of managers who enter management positions have no formal management and leadership training – they are “accidental managers”.
2. 52% of managers do not hold any management and leadership qualifications.
3. A third of current managers and leaders have never received any formal management and leadership training (33%), including a quarter (26%) 
4. Workers who rate their manager as ineffective are significantly more likely to plan to leave their organisation in the next 12 months than those who say their line manager is effective (50% vs 21%). A third (33%) of managers will likely leave their jobs in the next 12 months.
5. Lastly, A worrying 46% of managers agreed that people were promoted based on internal relationships and profile rather than ability and performance.