UK managers 'retraining for new jobs'

CMI survey reveals that managers at UK businesses are seeking new training opportunities in response to recession.

Many British people in management positions are planning to retrain or acquire new skills this year in order to advance their career, new research has indicated.

The Chartered Management Institute (CMI) conducted a survey of 1,200 workers and found that almost 25 per cent are interested in retraining to boost their future employment prospects.

According to the CMI, the findings suggest that many managers are preparing themselves for redundancy and the fresh job search that is likely to follow.

The survey also found that one in four management workers are updating their CVs in anticipation of looking for a new job, while 59 per cent said that the recession will provide an opportunity for them to reassess their career.

"Quite clearly, any suggestion that there is already 'light at the end of the tunnel' is misplaced," commented Ruth Spellman, chief executive of the CMI.

"However, if we can help people to dig deep and develop their skills this may enable them to move forwards as well as to move on," she added.

Earlier this month, the CMI suggested that businesses which offer training opportunities to staff could be rewarded through tax relief.

The organisation claimed that firms aiming to combat the recession by investing in their workforce should receive tax credits from the government.

"Put simply, employers should be encouraged to develop staff because a depleted organisation with fewer skills to call on is less likely to survive the recession," Ms Spellman said.

The CMI represents 450 corporate organisations and has 71,000 individual members.

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