Page 6: Conclusion
Leadership skills are growing within businesses. There are around 4.8 million managers in the UK economy. However, the proportion of these with management-related qualifications is unlikely to rise by more than 20% over the next few years.An increasing number of employees are also required to take up management responsibilities in specialist technical areas. The result is that the estimated number of new managers needed each year is around 114,000.
Management and leadership skills are needed in every industry and every walk of life. It is essential therefore for new managers to be provided with opportunities to learn how to manage and lead people.
CMI's qualification framework and the Chartered Manager Award help to enhance the status of the profession and provide a career route for management development.