Managerially experienced members of the UK’s contracting community have experienced a surge in demand for their executive skills as the numbers of interim managers currently in role healthily exceeds levels seen in recent years.
So says the annual Interim Management Survey from the Institute of Interim Management (IIM), which has found that 73% of the interim managers polled indicated they were currently in role; this is a much healthier picture than has been seen since the economic meltdown of 2008. Over the last three years, in fact, there has been a relative dearth of assignments for interim managers but this year, the IIM claims, assignment availability is at last returning to normal, pre-recession levels.
The study confirms trends identified by the Recruitment and Employment Confederation, which found that candidate placements grew for ten successive months in July and hit a peak not seen since March 2010. The findings suggest that confidence is returning to the executive jobs market, with permanent staff appointments also growing in each of the four regions monitored by the REC.
Commenting on the latest figures, James O’Brien, the MD of the specialist interim management and executive recruitment firm Executives Online, said: “This latest surge in jobs, together with the Bank of England’s commitment to keep interest rates low for three more years, demonstrates that things are improving for the economy. Businesses have better cash flow thanks to low interest rates, and recruitment is on the up as a result. At Executives Online we are witnessing a buoyant job market with an increase in assignments for both permanent projects and interim managers.”