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Interim management recruitment 'on the rise in private sector'
Interim management recruitment is returning to pre-recession levels in the UK, according to new research from the Interim Management Association (IMA).
Data collated by Ipsos MORI on behalf of the industry body shows that private firms have been more likely to appoint interim staff than public sector bodies in the second quarter of 2011.
The banking and finance sectors remain the most prominent interim recruiters, accounting for 40 per cent of hires, while the average length of assignments has soared to 174 days, compared to 95 days in 2006/07.
According to Jason Atkinson, chair of the IMA, this trend is due in large part to the stability interim staff can bring during uncertain economic times.
"Interim management is undoubtedly perceived as a highly effective and tactical tool to be deployed within successful businesses looking to achieve very specific aims," he added.
Earlier this month, Mr Atkinson told Management Today that companies must properly plan their interim management recruitment strategy to extract maximum benefits.
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