Results from the Chartered Management Institute (CMI) 2016 National Management Salary Survey showed that almost one-quarter of the UK’s underperforming managers received an average bonus of £4,270 this year.
During your career, you may well have experienced the impact that management problems can cause, such as reduced productivity, stifled creativity and damaged staff morale. Talented employees are more likely to leave if they are on the receiving end, while those who remain can feel disengaged and demotivated.
If any of this happens in your organisation, you aren’t alone – the management skills gap is a UK-wide problem.
In fact, evidence suggests the UK lags behind its competitors on productivity and management practice: output per hour is 21% lower than the average across the rest of the G7.
Also, poor management could be costing UK businesses over £19.3bn a year in lost working hours, according to a 2012 BIS report.
So what are we all doing about it? The UK Government is investing heavily in apprenticeships and has introduced degree apprenticeships in an attempt to close these skills gaps. Furthermore, the UK Government, employers and education providers have recognised the need to work more closely together to solve key skills gaps that UK industry faces.
Degree apprenticeships bridge the divide between employment and education – enabling students to study at university while working, and providing employers with highly skilled staff with real work experience.
The Chartered Manager Degree Apprenticeship was developed by a group of employers, in partnership with a number of higher education institutions and the Chartered Management Institute (CMI).
It aims to provide employers with the opportunity for greater retention of a skilled workforce even more in tune with the unique needs of their organisation. It includes a mix of academic and practical modules. Apprentices investigate how organisations work, how they are managed, and the external environment in which they operate. We are one of the higher education institutions providing the Chartered Manager Degree Apprenticeship to employers.
Through our unique delivery methods, we can enable you to upskill your workforce at scale and across geographical boundaries. Find out more about the uniqueness of The Open University Chartered Manager Degree Apprenticeship.
 Management 2020: The commission of the future of management and leadership, CMI, July 2014
 Leadership & Management in the UK – The Key to Sustainable Growth, BIS, July 2012