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Redundancies set to soar in 2012

January 03, 2012

Workers hoping they’d seen the back of employment woes in 2011 will have to wait a while yet for job security, after more than two-fifths of UK managers expect career development opportunities to decline in 2012.
 
According to research from the Chartered Management Institute (CMI), a third of employees feel insecure in their current jobs, and half said they would be unlikely to find a new career development opportunity if they were made redundant.
 
In addition, CMI's Future Forecast report also revealed that optimism about the UK's economic performance in 2012 remains low at just 8%, with a shortage of the key attributes such as leadership and management skills highlighted as the primary issues preventing organisations from meeting their business objectives.
 
"It is obvious from our research that 2011 has been yet another difficult year for managers so it comes as no surprise that we are not seeing an optimistic forecast for 2012,” said Christopher Kinsella, Chief Executive of the CMI.
 
"We started 2011 with high hopes that the economic situation was improving and workplaces would start to feel the effects of recovery. Sadly, it's evident that this year has been one of the most difficult UK managers have ever had to face.
 
"There are areas where organisations can continue to develop and we would urge managers to particularly focus on their people capabilities and ensuring their businesses have the right people, with the right skills set to fulfil their business objectives in the New Year."

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