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Finance sector leads way for interim assignments

21 April 2010

New data from the Interim Management Association (IMA) has revealed that banking and finance is still the most active sector in terms of interim placements.

Carried out by Ipsos Mori, the research shows that finance organisations accounted for 28 per cent of all assignments in 2009, Recruiter reports.

Meanwhile, 32 per cent of the interim appointments made last year related to leadership or project management roles.

Special projects overtook HR functions as the most common reason for hiring an interim executive in 2009, with demand for business improvement and change management positions also high.

IMA chairman Paul Botting said the split between interim managers working in commercial industries and the public sector remains "fairly even".

He told the publication that ongoing economic uncertainty has resulted in more organisations employing interims to meet the demand for particular skills.

"We have seen increased engagement from clients in specialist projects, where they have looked to make use of skill sets they don't have internally and only need on an interim basis," Mr Botting explained.

Last month, Accountancy Age reported that some firms are using interim managers to oversee tax functions as an alternative to bringing such services in-house.

Odgers Interim are UK leaders in Interim Management solutions for the Commercial Sector. We have offices in London, Birmingham, Leeds, Manchester, Glasgow, Aberdeen and Cardiff as well as over 50 offices globally. We are the only Interim Management providers who are part of a top tier international executive search firm. We work closely with our executive search colleagues to find candidates who can offer short term solutions with long term benefits. www.odgersinterim.com


Categories: Financial Services

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