British
managers are plagued by mediocrity and short-termism and are to blame for the
country’s low productivity, according to TUC report.
The
report claims the poor state of British management is holding back the
Government’s drive to boost productivity and suggests that dealing with
disputes in a more collective way is good for business.
The
TUC wants the Government to help create a business environment that will
encourage firms to adopt policies that improve productivity.
The
TUC is calling for:
•
The implementation of the recommendations in the Government’s Company Law
Review, especially the introduction of an obligation on firms to produce an
operating and financial review.
•
Implementation of proposals from the Myners review, for promoting more investor
input
•
Introducing the Information and Consultation directive in the spirit of the
original proposals
John
Monks said:Â "There is an
alternative to the slash-and-burn ‘low road’ to productivity. The ‘high road’
is not easy, but it does make good business sense. Unfortunately, too many UK
managers take the lazy route, slashing pay, cutting jobs and lengthening hours.
"Good
employers know there is nothing to fear from minimum standards and sharing best
practice," he added.
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