Manager confidence rises for 2013, report reveals
Business confidence amongst managers has exceeded 50 per cent for the first time since the Coalition came to power, a new study finds.
Research by the Chartered Management Institute (CMI) has revealed that managers on the whole are more positive about the year to come.
Despite 2012 being a difficult year, The Future Forecast report reveals that 53 per cent of managers are optimistic about their organisation's prospects for 2013, 10 per cent up on last year's figures. In addition, 68 per cent of respondents now feel secure in their jobs, up six per cent from 2011.
Managers' confidence in the job market has also increased, with 47 per cent now thinking it's likely that they'd get a new job within three months if they were made redundant. Furthermore, almost half of those surveyed (46 per cent) are optimistic about staff morale in 2013.
Discussing the findings, Ann Francke, CMI chief executive, said: "We could be seeing a pivotal moment, where UK employers start to look ahead with renewed optimism. While 2013 is expected to be another tough year, it looks like many managers are confident about their organisations' prospects. The challenge is to convert this optimism into results in the months ahead, which means focusing on developing their teams to deliver results."
The report also shows that managers have learned valuable lessons from the economic instability of the past few years and are focusing on developing their staff to turn their organisations around.
The findings indicate that employers are shifting to a people-focused approach to achieve success in 2013 - three of their top five priorities were employee engagement (a medium or high priority for 81 per cent), people development (87 per cent) and performance management (95 per cent). In line with this, there is strong support for staff-oriented policies that may have long-term effects on business growth, such as the right to request flexible working and reforming parental leave.
"Businesses are getting to grips with the fact that growth comes from growing their own people. Yet 43 per cent of managers say they don't have the right staff in place to meet business objectives. This calls for a real focus on people and more investment in staff development to help engage employees and strengthen their skills to boost performance. 2013 will be no walk in the park, but the organisations that get the best out of their people will be the ones that succeed," Francke concluded.