Policy Paper: Driving UK Post Pandemic Prosperity Wednesday 24 February 2021 Share Share to LinkedIn Share to Facebook Share via email The Government must use the March Budget to announce further investment in management and leadership training to aid the UK's economic recovery after the pandemic, say leading business organisations the Institute of Directors (IoD) and CMI. We are calling on the Government to invest more in reskilling and upskilling thousands of people who are potentially at risk of redundancy and preparing the remaining workforce for the rebuild task that lies ahead. The UK is at a pivotal moment: as we emerge from the pandemic, carefully targeted investment, now, can help deliver a more resilient and sustainable economy that meets the needs of employers and UK workers. Investing in management and leadership - in a universally accessible way - is critical to this. New Joint Research from CMI and IoD reveals: 96% of Managers and 89% of Directors say that management and leadership roles are important for shaping the UK’s economic recovery in 2021. 98% of Managers and 95% of Directors highlighted enhancing management and leadership skills as critical to improving organisational performance in the coming financial year. CMI and IoD are calling on the government to: Allocate additional funding to ensure that every course funded through the National Skills Fund also includes a ‘bolt on’ of high-quality core skills training, including digital, communication and management and leadership provision. Extend support for adult skills through the Lifetime Skills Guarantee up to Level 5, enabling adults who already have a Level 3 qualification to access critical training at higher levels. Introduce targeted support for all SMEs to boost their management and leadership capabilities, with all SME business leaders given the opportunity to undertake a high quality management or leadership qualification. Driving UK Post Pandemic Prosperity Like this article? Why not share it. Share to LinkedIn Share to Facebook Share via email You might also like these posts on this topic: Topic: Managers need to keep their eye on the ball, not the target Relationship with people is fundamental – Vishwanath Alluri considers what can and cannot be taught about management Read article Article Topic: “You absorb best practice almost by osmosis – but qualifications bring kudos” Joe Swindells shares his journey from trainer to head of L&D Read article Article Topic: Why skilled managers are key to the success of new employment rights The UK government’s Employment Rights Bill introduces changes to the law surrounding unfair dismissal and probationary period Read article Article Topic: The future of work: Empowering your teams with AI The quick wins your organisation needs to maximise your talent’s potential for innovation and productivity in the age of AI. Read article Article Browse all posts Don’t miss out - get notified of new content Sign-up to become a Friend of CMI to recieve our free newsletter for a regular round-up of our latest insight and guidance. CMI members always see more. For the widest selection of content, including CPD tools and multimedia resources, check out how to get involved with CMI membership. Newsletter More ways to get involved Policy Paper CMI's policy submissions to Government departments complement our ongoing engagement with policy makers and support our aim of keeping management and leadership at the forefront of the public policy agenda. Members See More CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits Join The Community CMI offers a variety of flexible membership solutions, tailored to your needs. Find out more and get involved in the CMI community today.
