National Productivity Week highlights the challenges in British industry, revealing that UK businesses aren't performing to their potential. A Chartered Management Institute report attributes mismanagement to half of the productivity gap between the UK and the US. It suggests that professional mentoring could foster skilled leaders to improve performance. While US firms extensively invest in these programs, UK firms lag. Mentoring shows benefits like increased revenue, profits, and improved work-life balance but faces demand-supply challenges. Industry leaders advocate for more professionals to enter mentoring, emphasizing its career flexibility and impact.
Mentoring in the UK is not as widely understood as it is in places like America.
65% of leaders who received mentoring saw an increase in revenues, with 64% enjoying higher profits.
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