Expectations for 2014 and beyond: the future forecast

Expectations for 2014 and beyond: the future forecast
Document type
Survey
Author(s)
Plas, Lysbeth; Woodman, Patrick
Publisher
Chartered Management Institute
Date of publication
3 January 2014
Subject(s)
Management & leadership: including strategy, public sector management, operations and production
Collection
Business and management
Material type
Reports

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This report examines managers' expectations for 2014 and some of the challenges that they anticipate, based on the annual survey of UK-based managers carried out by the Chartered Management Institute (CMI) in November 2013, in which 767 managers participated. Key findings include:

  • 41 per cent of managers reported moderate or rapid growth in 2013, up from 32 per cent in 2012
  • 55 per cent of managers now feel optimistic about the prospects for the UK economy, a big increase on last year's 25 per cent 
  • However, 67 per centof organisations will hold employee pay steady or cut it, and 66 per cent intend to freeze or reduce headcount.
  • Managers’ top priorities are controlling costs and managing performance
  • Key challenges include restructuring, especially in the public sector, and managing low morale.

The report includes recommendations for managers and policymakers. Results can be compared with the 2011 forecast, the 2012 forecast, and the 2013 forecast also available on the MBS Portal.

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