Umbrella company contractors will be pleased to hear that the first two quarters of this year saw a 9% increase in the use of interim managers, according to the latest Ipsos MORI survey findings, and 52% of all interim assignments were in the private sector.
This is an about turn as up until recently the public sector had been leading the way when it came to using interim managers.
The chairman of the Interim Management Association, Paul Botting, said it was hardly surprising that the number of private sector interim assignments had overtaken those in the public sector as the imminent spending review has obviously made public sector bodies more cautious about their expenditure.
Botting pointed out that the changing nature of the assignments carried out by interim managers in the public sector was very interesting. There has been a significant increase in the number of change management interim assignments in the sector, up from 16% to 26%, which shows that there is now a definite willingness for deep-rooted reform in the way public services are delivered. This will no doubt please the REC who has been calling for reform for some time now.
In the private sector, there was a large decrease in the number of assignments in banking and finance whilst retail, pharmaceuticals, biotechnology and business services all increased their use of interim managers.
Botting summed up the results of the survey by saying they clearly demonstrate that experienced senior executives are required to lead change management in business critical operations in both sectors.
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