SJD Accountancy

UK Contractors: Interim managers in high demand

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Contractors will be interested to learn that a recent survey from the Interim Management Association has revealed that interim managers remain a key labour resource.

The Interim Managements Association’s (IMA) latest Ipsos MORI quarterly survey of interim providers, shows that demand for interim managers is up by four per cent from Q1 – this follows a 15% increase reported in the previous quarter.

It was also found that the number of assignments in progress during Q2 remained high. 

Latest findings revealed that interim programme and project management roles were up between April to July 2014.

Two thirds (66%) of all executives were hired for these types of roles, which shows an increase of 17% compared to Q1 2014.

Simon Drake, IMA chairman and director at Penna Plc, said, “It is positive to see the continued increase in demand for interim management, and our members anticipate this continuing throughout 2014, as confidence returns in business.

“Equally, we are seeing an ongoing trend for interims being used for project and programme management assignments. This was particularly key during the recession, as organisations looked to reduce headcount and remain lean. During the current growth phase, they remain cautious when it comes to taking on permanent staff. An interim will act as an independent voice – cutting through internal barriers and challenges, helping to retain a project’s momentum.

“One trend to really note is the huge increase in interims being placed within the transport industry, the majority within the rail sector.”

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