WorkTango used Bureau of Labor Statistics data to analyze the dip in on-the-job management training over the past five years compared to jobs overall.
The article from AOL Finance discusses a concerning trend in corporate America where managers are receiving less training, which is negatively impacting employee retention and overall company performance. According to a survey by the Chartered Management Institute (CMI), there has been a significant reduction in the time and resources allocated to management training over the past few years. This lack of investment in leadership development is leading to higher turnover rates, as employees feel less supported and less likely to stay with companies where management is perceived as ineffective. The article highlights that poor management not only affects employee morale but also hampers productivity and innovation. Experts suggest that companies need to prioritize and invest in comprehensive training programs for managers to foster better leadership, improve employee engagement, and ultimately enhance business outcomes.
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