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Interim opportunities 'growing in India'

13 April 2010

Emerging economies such as India could contain opportunities for experienced interim managers from western countries, according to a report.

The Times of India states that the number of interim placements is growing in the country as more organisations catch on to the benefits of appointing specialist executives on a short-term basis.

According to the newspaper, the growth in interim assignments for executives represents a "fairly recent phenomenon" in India, where temporary staffing has previously been confined to junior positions.

It notes that interim hiring is particularly prevalent in cases of multinational companies setting up an Indian operation, suggesting executives with experience in western nations could find a new challenge in the country.

Varda Pendse, director of HR consultancy Cerebrus, added that a lack of available talent is another reason for Indian firms to use interim appointments.

"Companies are looking at different employment options and one of them is this, until they find the right person for the job," she explained.

According to a report from PricewaterhouseCoopers, the number of people working outside their home country has increased by 25 per cent in the last ten years.

Paul Botting, chair of the IMA and head of OdgersInterim Commercial practice supports this view, adding that the number of non UK assignments has consistently grown over the last ten years and emerging markets in developing countries are very natural importers and users of interim skills.  In recent assignments, Odgers has placed interim managers as far afield as Russia, Kasakhstan, South Korea and Algeria.

Odgers Interim are UK leaders in Interim Management solutions for the Commercial Sector. We have offices in London, Birmingham, Leeds, Manchester, Glasgow, Aberdeen and Cardiff as well as over 50 offices globally. We are the only Interim Management providers who are part of a top tier international executive search firm. We work closely with our executive search colleagues to find candidates who can offer short term solutions with long term benefits. www.odgersinterim.com


Categories: Commercial

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