New survey reveals demand for interim managers is growing
According to a new survey commissioned by the Interim Management Association (IMA), the demand for interim managers has risen, with the number of assignments started, in progress and completed having seen an increase.
The IMA’s Ipsos MORI survey revealed positive news for interim managers; during the final quarter of 2012, the number of interim management assignments grew by 18% in 12 months, the number of assignments in progress increased by nearly 10%.
The survey also found that during 2012, the average length of an interim manager assignment increased to 175 billable days. This is the highest ever recorded.
With regards to the different types of interim management work, figures revealed that programme or project management work is the most popular occupation, as 40% of these types of assignments were reported in Q4 2012. This is a 5% rise compared to Q3 of the same year.
The public sector was found to be the most popular for assignments among interim managers, as 72% of respondents were working within this area (Q4 2012), compared to just 28% working in the private sector.
Chairman of the IMA, Jason Atkinson, said of the findings, “The survey results are very encouraging and indicate that 2013 may well be the year that restores our industry to double-digit growth figures – to the levels before major cuts took place in the public sector.
“I wasn’t surprised to see the growth in project management assignments for the last quarter of 2012 – approximately 10,000 of the UK’s 25,000 interim managers operate in this manner.
“Increasingly, interim managers are viewed as a cost-effective alternative to hiring management consultants or recruiting additional senior members of staff. They can be parachuted into an organisation for eight to 12 months – to deliver results quickly before moving on to their next assignment.”