Businesses risk financial setbacks by not investing in training first-time managers.
- Accidental managers, promoted for technical skills, may lack leadership abilities.
- Katy Edwards advocates for re-induction processes post-promotion to enhance skills.
- 82% of new managers lack formal leadership training, affecting workplace performance.
- Effective managerial training can prevent culture issues and improve productivity.
Investing in the development of first-time managers is crucial for businesses to avoid potential financial pitfalls. Katy Edwards, a leadership and development facilitator, stresses the importance of re-inductions to retrain employees following promotions. Such processes can bridge the gap for those promoted based solely on technical prowess, ensuring they acquire necessary managerial skills.
Edwards highlights a concerning statistic from the Chartered Management Institute, which reports that 82% of managers enter their roles without formal management training. This lack of preparation can lead to significant issues in workplace culture and organisational performance, as these managers may struggle to execute line management responsibilities effectively.
The challenge of ‘accidental managers’ stems from their promotion due to technical expertise, which does not necessarily equate to managerial competence. Without the appropriate skills, they may find it challenging to handle the people-oriented aspects of their roles, impacting team performance and business objectives.
First-time managers often face difficulties in implementing long-term succession planning and managing people performance. Institutions focusing on short-term problem-solving rather than strategic management may see increased HR costs and challenges in employee retention and productivity.
Edwards suggests that HR teams could significantly benefit from initiating re-inductions to clarify role changes and establish new expectations for those promoted. Such initiatives could help identify additional training needs, ultimately saving time and resources by reducing issues due to inadequate management practices.
Investing in early management training ensures strong performance management and reduces costly organisational issues.
