SMEs less likely to train leaders
Article Date: Oct 15 2009
Should training start at the top?
The smaller a business is, the less likely it is to train up its senior team, according to research from human resources (HR) consultancy Morgan Redwood.
While 84 per cent of large corporates identify developing leadership skills as a priority, the figure drops to 71 per cent among medium-sized companies and 54 per cent for small businesses, according to the survey of 100 directors and HR professionals.
Other priorities for companies of all sizes include encouraging greater teamwork (62 per cent), helping staff cope with change (59 per cent) and training up new recruits (54 per cent).
These goals are seen as more important than helping staff find a greater work/life balance (40 per cent), even though 93 per cent of those surveyed believe employees’ wellbeing is connected to business performance.
Employees’ earnings are higher at companies where work/life balance is prioritised, with staff taking home £32,769 each compared to an average of £26,557, according to the study.
