HONEY & MORGAN ACHIEVES CMI-APPROVED CENTRE STATUS TO HELP BRIDGE NORTHWEST SKILLS GAP
22nd November 2024, 3:14 pm
Honey & Morgan, a boutique professional development consultancy, has been awarded Chartered Management Institute (CMI) Approved Centre status within just a few months of its launch, taking it a step further towards its goal of helping close the skills gap currently being experienced by businesses in the North West.
Partnering with the Chartered Management Institute (CMI), Honey & Morgan delivers nationally recognised, tailor-made qualifications designed to empower individuals and organisations of all sizes to develop skilled, confident, and successful leaders.
Founded earlier his year by Dr. Eliza Morgan FCIPD and Louise Varley, Honey & Morgan aims to help close the North West’s skills gap by delivering academically grounded learning and development programmes. With over 40 years of combined experience in education, the co-founders are committed to empowering individuals, organisations, and communities to thrive through tailored professional development.
Commenting on its achievement, Honey & Morgan Co-Founder and member of the Pro Manchester Skills Committee, Dr Eliza Morgan FCIPD, said: “Regional reports from the Greater Manchester Chamber of Commerce (GMC) and Liverpool Chamber of Commerce (LCC) highlight a pressing leadership and management skills gap. By partnering with CMI as an Approved Centre, we aim to tackle this challenge head-on.
“CMI accredited programmes demonstrably improve performance; aligned to real job levels and the skills that employers need they provide a clear pathway for progression by increasing leaders and managers confidence and competence. This in turn can close skills gaps and see significant improvements to productivity and profitability.
“Indeed, improved profitability is directly linked to good management skills with a good manager contributing about 48% higher profit to their organisation than average managers do (Gallup). Furthermore, the CMI estimate that if organisations across the UK were to increase investment in management training to the level of global competitors such as Germany, we could see cumulative gains in productivity to the value of £76 billion.”
Continues Louise Varley, Co-Founder and Director, Honey & Morgan: “In an uncertain economy, boosting productivity is crucial for growth and survival. Leadership and management training not only improves performance but also enhances employee retention, as evidenced by the Chartered Institute of Personnel and Development (CIPD), reducing turnover costs significantly.
“Considering that the average cost of turnover per employee earning £25,000 a year or more is £30,614 (Oxford Economics) and the average churn of UK workers is 34% (CIPD) while the average cost to recruit a new employee at 6-9 months of their salary (Centric HR) – it all points to the fact it makes business sense to invest in upskilling key personnel.”
| The Case for Leadership Development – key data points highlight the value of investing in leadership and management training:
– A skilled manager contributes 48% more profit to their organisation than an average manager (Gallup). – If UK organisations matched global competitors like Germany in management training investment, productivity gains could total £76 billion (CMI). – High employee turnover costs businesses significantly: o Average turnover cost for an employee earning £25,000+ is £30,614 (Oxford Economics). o UK employee churn averages 34%, with recruitment costs equivalent to 6-9 months’ salary per hire (CIPD, Centric HR). |
Honey & Morgan invites organisations across the Northwest to explore tailored leadership and management development programs. Learn more about their services or arrange a consultation at www.honeyandmorgan.co.uk
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