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maternity leave a greater risk to business than the credit crunch

Whatever the economist might feel about the economic prospects for the year ahead, a recent survey by the Institute of Management found that 42% of 513 managers surveyed feel that the changed maternity and paternity provision introduced in 2007 will be the source of  damage to their interests – considerably more than those in the same survey who feared the consequences of the credit crunch. The squeeze from the banks was a source of concern for 39% of the survey and rising energy costs was another notable concern. In a finding similar to that of our own survey (‘Helping the owner manager to sleep at night’, available on the West website) half of managers felt that their business would be held back by a lack of management skills but only 33% reported that they had plans to undertake any training to address this in their business in 2008.