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Monday, September 17, 2012

Belief in senior management dwindles, study claims

British workers are losing faith in their executives, new research from consultancy company Towers Watson finds.

The study of more than 2,500 workers has revealed that a mere 51 per cent of employees believe the information they obtain from leading directors in their business, while less than 50 per cent have faith in their executives ability to drive up business performance .

Further research illustrates that workers felt the strain to work harder and longer in order to amplify growth and perform to the company' s expectations. Of those surveyed, six in 10 said that they were working longer than usual and only half rated their managers' performance at growing the business as good or very good.

Findings also showed that a third of respondents think that their organisation was not doing their best in trying to develop leaders for the future as 31 per cent declared that they were set to leave the company if they did not trust the senior leadership team.

Arvinder Dhesi, head of talent management at Towers Watson, said: "It can be easy for senior managers to lose touch with their staff when pressured by targets and budgets, but the long-term damage this can do to the company could prove to be much bigger and more expensive.

"It is particularly worrying to see how many workers are losing faith in the system of communication, which could make it difficult to attract and retain key talent in the future.

"It is vital that UK businesses take note of this growing trend and act to tackle it right now to avoid an era of 'lost leaders'" .


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