There has been a
shift in the recruitment market, with a 15 per cent increase in demand for
interim managers, as reported by the Interim Management Association (IMA), in the first quarter of 2014.
The financial
services industry takes the lead, accounting for 45 per cent of interim appointments
in the private sector in Q1, according to the IMA.
Specialist
recruitment company, Cast UK, is seeing this trend mirrored in its clients’
recruitment strategies, with an exponential increase in interim managers across
its sector specialisms, peaking in FMCG/Retail which has seen a 45 per cent
surge this year alone.
Wayne Brophy,
Managing Director at Cast UK, commented:
“Although we seem to be coming out of the recession, we’re seeing a continued
demand for interim managers as employers recognise the value of a more flexible
approach to recruitment.
“With significant
skills shortages in certain sectors, a reduced talent pool is also a catalyst
for this as employers are seeking highly experienced, specialist talent with a
proven track record, who can hit the ground running.”
The rise in
demand for interims is also reflected in the CIPD’s 2013 survey, Resourcing and Talent Planning, which reported that three-fifths of
companies surveyed believe that the economic environment will increase demand
for interim and contract workers.
It’s also worth
noting that the rate of change within businesses is creating a mismatch between
the skills required by businesses and the talent available in the labour
market.
Wayne added: “Our
clients are increasingly recognising the value of interim managers, either to
help solve a short-term employment problem or as a smart means of managing
growth and enhancing the organisation’s skills base. While historically,
interims were seen as a bit of a leap of faith and a departure from traditional
resourcing models, organisations are switching on to the benefits of interim
managers, particularly from a commercial point of view.”
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