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Posted by on in Redundancy
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Redundancy a top concern of managers

Nearly half of UK managers (43%) are expecting further redundancies in 2012, and over a third of managers (38%) feel insecure in their jobs, according to the annual end of year research from the Chartered Management Institute (CMI). Over half of the managers surveyed felt that they would be unlikely to get another job if they were to be made redundant.

 

The Future Forecast report reveals that optimism about the UK’s economic performance remains low for 2012 at just 8%. Restructuring of public finances, the price of energy and the instability of the euro are all the top factors which managers expect to have a damaging impact on their organisations next year.

 

Alongside that, managers are nervous about their organisations’ people capabilities, with 43% feeling that their place of work did not have the right staff to fulfil business objectives in 2012. A shortage of the key skills was highlighted as the primary issue preventing organisations from meeting their business objectives with poor leadership, insufficient experience and a lack of enough employees also contributing.

 

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