The Key to Retaining Your Team and Growing Your BusinessPosted on 8th November 2023
As we approach the new year, it's important to be mindful of a significant trend in the job market. Over 40% of Brits start looking for new job opportunities in January and February. While this may be good news for job seekers, it presents a challenge for employers. The last thing you want is to lose your valuable talent to the competition.
One of the key reasons employees seek new opportunities is a lack of training and development. Two-thirds of workers consider quitting their jobs due to inadequate training. So, as an employer, how can you ensure that your team feels confident, productive, and motivated to stay with your organisation?
At The Maine Group, we understand the importance of equipping your employees with the skills they need to succeed. Our Management Basics course is designed to address the critical issue of managerial training. Transitioning from an employee to a manager is undeniably one of the toughest leaps in business, as recognised by Forbes.
A Grovo report reveals that a staggering 98% of managers believe their colleagues need more training. Forbes also highlights that 87% of middle managers wished they had received more training when they first took on their managerial roles. This same report found that 2 out of 5 managers felt ill-prepared for management when they assumed their positions.
The consequences of inadequate training for new managers are far-reaching. It can lead to stress for the manager, their team, and their leaders. It can also impact clients or members and even result in formerly high-performing individuals leaving the organisation. A solid grounding in management techniques early on can address these challenges and instil the confidence needed for managers to enjoy their roles, drive high standards, and support their teams' development.
Research reports confirm that 87% of managers admitted to feeling unprepared for their roles when they initially took them on. Moreover, an astonishing 92% of managers believe that they could benefit from further training.
It's clear that there is a significant need to provide additional training and support to managers, especially those early in their management journey. Insufficient management training can lead to heightened stress levels for managers, negatively impacting their performance and that of their teams. Furthermore, it can result in previously high-performing individuals feeling overwhelmed and ultimately deciding to leave the organisation.
Investing in your managers by enrolling them in our Management Basics course is a strategic move. It provides them with the tools and knowledge they need to thrive in their roles, contribute positively to your organisation's success, and ultimately help you retain your valuable team members. Don't wait until it's too late; secure your managers' places in our upcoming course taking place on the 22nd + 23rd of November and demonstrate your commitment to their professional development and your company's future growth. For more information download our guide here. And if you ever need to talk through how to retain, train or recruit your employees contact The Maine Group.