A new report claims that a third of people (34 percent) who leave their job, do so because of perceived poor company culture. The report, authored by breatheHR claims the associated cost of bad company culture is around £23.6 billion per year. The survey of 2,500 people analysed in The Culture Economy, also suggests that well over half of SME leaders (60 percent) consider company culture as a ‘nice to have’ in their business.This mindset has a number of knock-on effects. According to the Chartered Management Institute, effective leadership could improve Britain’s productivity by 23 percent. However, with over half (53 percent) of employees surveyed who distrust their senior management, thinking their bosses ‘didn’t appear to know what they were doing’, there is some work to be done.

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Half of employers believe that Brexit will worsen the UK skills gap and nearly a quarter (23 percent) believe that Britain is not prepared to compete on the global stage, which will become even more important following the UK’s exit from the European Union in 2019. These are the findings of a research paper entitled “Solving the UK Skills Shortage” from Rober Walters, totaljobs and Jobsite which claims that almost two thirds of employers (65 percent) believe that they will be negatively impacted by skills shortages in 2018, with this shortage predicted to be most acute at junior and mid management level according to over half (52 percent) of employers. According to the research, employers may have to look to different industries to find the transferable skills that are essential to grow. This means that there will be more opportunities for skilled candidates to use their knowledge and experience in different sectors, providing them with new challenges and opportunities in industries that they may not have considered before.

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Attracting and retaining talent is the biggest concern for CEOs going into 2018, but they’re feeling generally more optimistic about the global economy, claims a new report by The Conference Board, the C-Suite Challenge 2018 . A mood amongst senior managers to create organisational cultures that are inclusive, engaged, high-performance, customer-focused, and resilient is prevalent throughout the responses to this year’s survey. The desire for a “culture of innovation” ranks as the number-one innovation strategy in every region (Asia is the one exception, where it is third), every industry, every size company, and among CEOs and C-Suite executives alike. The impact of the New Digital Economy is clearly being felt in the daily processes and practices of organisations, and through the emergence of new competitors from every part of the globe. In Europe’s the c-suite remains worried about the impact of – which is unchanged from last year when it was the 8^th biggest concern.   More →

A new survey of 2,200 people claims that one in ten have fantasised about killing their boss at some point. Construction workers emerged as having the worst relationship with their line managers with nearly a quarter admitting to murderous thoughts (22 percent), followed closely by those working in the media industry (15 percent). The report from B2B comparison site Expert Market claims that more than half of respondents (52 percent) said that they hate their job specifically because of their boss. In fact, one in five workers said that they would actually turn down a pay rise in favour of firing their manager and it’s because people think their boss is not fit for purpose. The majority of those asked (73 percent) believe that they could do their boss’ job far better than them, particularly those in the energy and entertainment industries; 86 percent and 81 percent, respectively.

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