Umbrella contractors may be interested to learn that the standard of leadership in UK organisations is in the spotlight following the publication of research from the CIPD and talent management consultancy, DDI.
Only 38% of both HR professionals and UK leaders said the leadership development programmes in their organisation were highly effective. 24% of HR professionals said their programmes were ineffective, as did 20% of leaders.
The research also identified the key leadership skills that will be necessary to make sure organisations are successful in the next three years. Just under 70% of leaders said driving change management was key, 34% cited making difficult decisions and 32% said executing organisation strategy would be the most important leadership skill.
Despite the fact that a lot of people think the quality of leadership in their organisation is not up to scratch, almost 80% of senior reward professionals expect executive pay to increase next year.
PwC surveyed FTSE 350 companies and discovered that amongst the companies expecting to increase salaries, 65% will only increase the base rate, while 30% will improve the benefits package as well. Salary increase rates will be broadly the same as this year at between 2% and 4%.
13% of the surveyed companies do not expect to increase salaries next year and 85% do not expect to see bonuses increase.
Sean O’Hare, one of PwC’s reward partners, said that even salary increases in line with the rate of inflation could be controversial. But companies will need to see whether the market improves before making a final decision. Shareholders are likely to resist pay rises that are not aligned to share price and company performance, he added.
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