Management Anxiety Exposed despite Economic Recovery
Managers' angst has reached an all time high in the post recession economy.
That's the key findings of Survival of the fittest a major new research report by the Institute of Management (IM) and Clerical Medical Investment Group -- which examined over 1,300 managers' current experiences of, and attitudes to, work. Personal expectations of improved job security, reduced stress and an end to excessive working hours have failed to materialise. The recession 'survival strategy', adopted by many organisations, has resulted in negative effects on employment conditions, including:
* Career direction changes for almost 50 percent of managers.
Almost 40 percent said that they were still trying to cope with their changed circumstances. Twelve percent of managers found it difficult to make the change.
* One in three respondents have only been in their current role for two years or less.
* Extreme anxiety over job security was expressed by one in five managers.
* Concern over future career opportunities was expressed by 60 percent of respondents.
* Only 15 percent of respondents expect their next move to be a promotion within their existing organisation.
* Almost three in ten see their future outside the organisation.
*Anxiety about their future financial position was expressed by over 80 percent of respondents.
* 80 percent of respondents say their workloads have increased over the past two years. Almost six in ten say their workloads have greatly increased. But
* Nearly 80 percent of respondents see continuing professional development (CPD) as a key means for securing employability.
*For more than 70 percent of managers, work is a source of satisfaction; only 16 percent disagreed.
Management consultants are the most enthusiastic about their work; 84 percent of whom find their work satisfying. …