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Interim managers 'in demand during recession'

1 June 2009

Companies are continuing to take on interim management teams during the current economic downturn, a newspaper has reported.

According to the Times, many businesses in the UK are reluctant to take on permanent members of staff as a result of the recession.

However, some firms still need trained and experienced professionals to oversee certain internal responsibilities.

This, the newspaper said, has led to companies turning to transition teams who can take charge for a preset period of time.

"Interim managers who can supervise a particular project are doing well," the Times commented.

The newspaper added being an interim manager is one of the most secure jobs in the UK throughout the recession.

This comes after James Hunt of the Interim Management Association told the Insider that an interim can identify problems and deliver solutions at a fraction of the cost of a consultant.

Categories: Board & CEO


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