South African managers believe that their organisations are well placed to not only survive the difficult economic conditions, but even prosper.
This is according to the latest South African Management Index Report (MIR) released by USB Executive Development (USB-ED).
Now in its third edition, the report surveyed more than 1 200 managers across South Africa and provides valuable insights into the challenges and opportunities they face.
“We explored a number of topics that are indicative of business in the country. It has provided us with valuable insights into the managerial landscape giving us a look at some of the obstacles that need to be overcome while highlighting many of the positive aspects of organisational life in South Africa,” says Dr Diane Bell, director of academic affairs at USB-ED.
The majority (67%) of managers agree that their organisations have maintained employee motivation and engagement levels during the current economic downturn. They also generally express high levels of commitment to (77,8% intend to remain working there for the next two years) and pride (93%) in their organisations.
“The MIR also found that managers are positive (80%) about the efforts of their organisations to foster diversity friendly environments,” says Dr Carly Steyn, co-author and researcher of the MIR. “Furthermore, the majority (75.6%) express confidence in the innovation objectives set by their companies.”
When it comes to challenges, clear and effective communication from top leadership remains something that needs to be overcome. Almost half of the managers surveyed stated that top leaders of organisations do not communicate clearly or spend sufficient time communicating with staff.
Furthermore, only 51% of managers believe that strong cultures of trust exist in their organisations. Gender disparities are also still evident with women managers still reporting lower levels of work-life balance and authenticity at work when compared with their male counterparts.
“Despite these and other obstacles that need to be overcome, the MIR shows that there is a good foundation for growth when it comes to business in South Africa. With managers showing confidence, there is a need to embrace this optimism and build stronger organisations for the future,” Dr Bell says.