Rising energy prices, the extension of maternity leave and a shortage of management skills are the key concerns for businesses as the New Year approaches, research reveals.
According to the Chartered Management Institute, 56% of senior executives are worried about the rising cost of energy, while 42% say business will be hit by the extension of maternity and paternity leave.
Nearly half of employers are also concerned that a shortage of management skills in the UK will have a negative impact on business performance in the New Year.
However, despite the worries over skills, 20% are planning cuts in training and development, and only 34% are planning courses and qualifications for 2008.
Jo Causon, director of marketing and corporate affairs for the Chartered Management Institute, said:
“In the current climate, it is natural for employers to feel some degree of uncertainty. However, the decline in organisations developing their managers is a great concern. If employers fail to invest in the skills needed for long-term success, the UK will find it difficult to compete on a global scale in the future.
“It is encouraging that some individuals are taking the initiative and planning to develop themselves through qualifications and higher education in the New Year.”
© Crimson Business Ltd. 2007
