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Ineffective management could be costing UK businesses over £19 billion per year in lost working hours, according to a new survey published by the Chartered Management Institute (CMI).
The study of 2000 employees across the UK reveals that three quarters of workers waste almost two hours out of their working week due to inefficient managers. Worst management practices responsible for time lost include unclear communication (33%); lack of support (33%); micro-management (26%); and lack of direction (25%).
Taking the average hours wasted in a week (1.51) across the 48 weeks a year that the majority of workers work, this equates to a loss of £900 per employee per year – and a total loss to UK plc of £19.3billion, calculated at a median value rate.
The research also highlights that 13% of those surveyed have witnessed managers exhibiting discriminatory behaviour towards employees based on gender, race, age or sexual orientation and almost one third (27%) have witnessed managers bullying or harassing their employees.