Interim demand at constant high
The demand for interims is expected to maintain its high in the second half of the year, according to new research.
The Boyden Interim Management Survey found that companies are continuing to seek operational turnarounds and growth solutions, without commiting to permanent hires.
The public sector showed the hightest levels of managers with 21%, whilst the financial services and industrial sectors were second and third respectively. The most popular interim titles held were General Management, Finance and Human Resources.
Respondents were also asked where companies should place their focus - the majority stating that companies concentrate too heavily on countering the economic situation rather than development. Interim managers felt that companies should focus on the upturn rather putting intiatives on hold.
Patrique Habboo, Managing Partner, Boyden UK Interim Management, says: “We expect the demand for interim executives will remain robust for the rest of the year, though the high utilisation of public sector interims may reduce with the change of government and recent public sector spending cuts. We expect hiring of interim talent in the public sector, financial services, manufacturing and other sectors to play an integral role as clients ensure their management teams remain fleet of foot and flexible during a time of economic transition.”