The top New Year’s resolution for managers this year is to put their team’s development first, ahead of traditional priorities such as networking or spending more time with customers and clients, figures released by the Chartered Management Institute (CMI) reveal.
CMI’s Future Forecast survey results make it clear that leaders recognise the importance of looking inwards and that putting staff back at the heart of their organisations will enhance their chances of a speedy post-recession recovery. Just under half (45 per cent), for example, have pledged to support the development of their team’s skills and 22 per cent also intend to provide ‘more prompt’ support to boost performance.
As well as focusing on staff through skills development, the survey of 1,337 managers found that more than a quarter (27 per cent) have resolved to acknowledge the efforts of their staff and say ‘thank you’ more often. Just under a fifth (18 per cent) also said they will spend more time with their teams.
Commenting on the findings, Ruth Spellman, CMI chief executive, says: “The recent financial crisis has shaken UK organisations to the core. We now know that a combination of reckless capitalism combined with a disregard for the potential consequences of greed – as demonstrated by outlandish bonuses and unrestrained borrowing – helped to fuel the meltdown. It is very encouraging, therefore, to hear that UK managers are enthusiastic about learning lessons from what has passed and putting the development and needs of their employees over and above other considerations.
“By investing in the development of staff through training and development, and acknowledging their achievements, employers have a better chance of taking advantage of the upturn and it is evident that managers are taking this on board. Looking inwards will also help to minimise the potential for a ‘brain drain’, whereby staff feel unappreciated and look elsewhere for employment once the job market improves.”
The results show that there are three key barriers which will make it hard for managers to keep their resolutions for the New Year; lack of time (75 per cent), reduced budgets (42 per cent) and a reduced workforce (33 per cent). To help overcome this, CMI is recommending that employers offer support to managers and emphasise the benefits of focusing inwards, thus motivating them to keep their resolutions despite the tough conditions.