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UK interim management sector surges in value

19 March 2012

Demand for interim managers has driven a major surge in the value of the sector over the last five years, according to new data from the Interim Management Association (IMA).

An Ipsos MORI report conducted on behalf of the IMA has showed that the amount of business generated by the UK's top interim managers rose to £196 million last year, compared to £102 million in 2006.

This represents an increase of 93 per cent in the last half-decade, with the average length and completion rate of interim assignments also seeing significant jumps.

According to the IMA, this is because British firms are realising that interim managers provide a cost-effective means of bringing much-needed expertise to an organisation at short notice.

Jason Atkinson, chairman of the IMA, said: "The UK has the most established interim management sector in the world and it is becoming the norm for organisations to hire interim managers."

The rise in interim recruitment seen in the fourth quarter of 2011 continues the positive trends seen in Q3, which are being observed despite the ongoing weakness of the UK economy.

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: Functional Practices, Board & CEO

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