Financial sector doesn't consider leadership skills important
David Woods, 26 September 2008
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Lack of leadership skills may have led to the current difficulties in the financial sector, according to Cybele Training and Consultancy.
The survey showed that none of the line managers questioned in the financial sector saw leadership skills as a primary concern when evaluating training and development within their internal teams. More than a third (36%) said reviewing technical skills was the focus of training appraisals; the same percentage thought honing in on future talent potential was a main priority; 43% said the skills and talents of their team were reviewed on an ad hoc basis; while 7% claimed staff ability was never reviewed in their organisation. And 7% thought their staff were prepared to deal with changes in the business.
Carol Stevenson, director at Cybele, said: "The results were more than surprising considering the huge difficulties facing the financial sector at the moment.
"Equipping staff with leadership skills is obviously a central element of any business's success and it is clear that companies should refocus on improving their team members' talents in this area," she added.
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