Professor Cary Cooper from the Lancaster University Management School says that there are a number of ‘negative consequences’ due to under performing managers.
‘What ends up happening is people get overloaded, they get more stressed, have more burnout, become less productive and deliver less to the bottom line,’ he comments.
Professor Cooper attributes high numbers of people taking time off for stress-related conditions to skills gaps among managers.
According to the National Employer Skills Survey 2017, 177,000 managers have a skills gap, that’s up from the 163,000 managers in England who had a skills gap in 2007 – and almost three quarters of these (2007) lack management skills.
And the skills shortage now costs private sector an estimated £6.3 billion each year, The Open University’s 2018 Business Barometer report found.
Watch the below video on the skills shortage