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Interim accountancy appointments 'set for long-term growth'
Although accountancy contractors in the public sector are bracing themselves for major job cuts, the long-term prospects for interim managers in the industry could be positive.
Matthew Brown, managing director of workforce management firm Giant Group, told Director of Finance Online that staff working at the Financial Services Authority and the Bank of England may find their jobs do not survive the government's drive to slash public spending.
However, he pointed out that the ongoing search for cost savings and more efficient budgets in the public sector could also create new opportunities for interim executives with financial expertise.
"In the long term, there could be increased use of accountancy and interim financial controllers to help find the efficiency savings which will be central to reducing the deficit," Mr Brown told the website.
A survey from Giant revealed a growing number of accountancy contractors expect investment banks to provide the most job opportunities this year, with deal-making activity beginning to rebound.
The Recruitment and Employment Confederation recently said interim managers have an important role to play in forthcoming public sector reforms, as departments will be forced to become more flexible and seek new ways of working.
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Categories: Public Sector