July 15, 2018
British businesses missing key productivity and skills boost by ignoring military veterans
Businesses are missing out on key opportunities to boost their skills base and productivity by not effectively employing well-qualified former military personnel, according to new information released by The Institute of Leadership & Management. According to The Institute, 86 per cent of veterans say business managers still don’t understand how military honed skills can transfer into boosting businesses on civvy street. Coinciding with both Armed Forces Day and the 100th anniversary year of the ending of World War One, The Institute of Leadership & Management has released its new report Tales of Transition (registration required), which claims to identify the barriers to helping ex-forces personnel enter the civilian workplace. The report also details the steps that business leaders can take to support the transition of around 15,000 people who leave the UK Regular Armed Forces each year.
Improved living standards, deflating pension pots and legal protection against age discrimination have all helped to nudge up the retirement age. The result is that for the first time since the Industrial Revolution five generations of employees are now working side by side. According to a new survey, two thirds of organisations (66 per cent) say that an age diverse workforce helped the company to have a more comprehensive skillset and knowledge base and more than seven in ten (71 per cent) felt that a multi-generational workforce brought contrasting views to their organisation. However, in the YouGov survey of middle market businesses commissioned by RSM, four in ten companies (41 per cent) said that a multi-generational workforce also increased the risk of conflict in the workplace. 
The majority of employers want students to have work experience to help acquire leadership skills, yet not even a third say they actually offer placements. This is according to new research published today by the Chartered Management Institute (CMI) which is calling on employers to collaborate with business schools and universities in creating courses to provide future leaders. The Chartered Management Institute’s 21st Century Leaders report found that seven in 10 (70 percent) of prospective employers now want management, enterprise and leadership modules made available to all higher education students to improve their work-ready skills. Two-thirds (66 percent) of employers say they want to see graduates achieve professional qualifications as well as their main degree. The growing emphasis on graduate employability has been driven by employers concerned about skills shortages, with 82 percent of employers reporting problems recruiting managers. A majority of managers (85 percent) said work experience should be embedded into courses to help develop these skills and make students more employable. Yet only 29 percent of businesses work with business schools to offer placements.
The majority of UK employees recognise the importance of data literacy to their career progression, but half have never been offered any relevant training. Statistics from a study of over 3,000 UK employees shows they understand the growing significance of data within their organisation, with almost all (94 percent) of those surveyed stateing that they consider data to be important for performing their role. Data skills were ranked as fourth in a list of the most important skills for their job – with only traditional, ‘soft’ skills such as ‘communication’, ‘organisation’ and ‘people management’ ranking higher. Yet the Censuswide survey, commissioned by Tableau revealed that despite four in five professionals (84 percent) believing data skills will be important for their career progression and a similar percentage (83 percent) using data on a weekly basis as part of their role, nearly half (49 percent) say their employer hasn’t offered them any kind of data analytics training.
