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IMA reports growth in interim management sector
New figures have revealed that the interim management sector experienced significant growth in the third quarter of 2009.
According to data from the Interim Management Association (IMA), new appointments recorded a year-on-year increase of 24 per cent during the three-month period.
Commenting on the figures, IMA chair Paul Botting said the industry had proved to be "incredibly resilient" through times of economic hardship.
He added: "With the latest figures showing a marked increase in new assignments, it looks like this growth is set to return."
The data reveals that the private sector accounted for 53 per cent of completed interim assignments during the third quarter, while 31 per cent of public assignments took place in the healthcare sector.
In addition, the growth in the use of interim managers by private organisations reversed a trend from the second quarter of the year, when the public sector surpassed the private in interim assignments for the first time since the IMA began tracking the market in 2006.
Mr Botting recently told onrec.com that 2010 will see an increasing number of organisations use short-term specialists to "undergo restructuring and drive growth plans".