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Interim managers set to be in demand as outsourcing picks up
Interim management recruitment levels are likely to rise over the coming months as businesses seek out expert advice to help them outsource operations.
New research carried out by specialist consultancy firm TPI found that total contract values (TCV) of outsourcing deals completed across Europe, the Middle East and Africa stood at €5.2 billion for the third quarter of 2009.
And while this represents a four per cent fall from the preceding three-month period and a 12 per cent reversal when compared to the same period of 2008, it is anticipated that outsourcing deals are likely to pick up in both volume and value over the coming months.
According to Duncan Aitchison, president of TPI EMEA, this upturn is set to be largely driven by Europe, with business leaders likely to call upon interim managers experienced in handling outsourcing contracts as they look to take advantage of third party specialists.
"We are cautiously optimistic about the next six to nine months for the region based on significant activity in the industry's pipeline, particularly in the IT outsourcing arena, with much of it involving large-scale relationships," he noted.
Meanwhile, legal expert Simon Beswick, managing partner at Osborne Clark, has explained in the Lawyer that outsourcing can be an effective tool for economic recovery but should not be seen as the "only solution".