The drive for innovation and change has seen demand for senior interim managers soar in recent years, as businesses strive to capitalise on their “heavyweight” experience.
Data from the Interim Management Association (IMA) reveals that the use of interim professionals has skyrocketed by 93% since 2006, with 16,000 individuals currently working in the UK. Commentators claim the surge is due to businesses wanting to “parachute in” experienced workers to help them function more efficiently.
Staffing firm Capita Professional Recruitment said there are a number of factors that have caused demand for interim professionals to soar in recent years. Most notably is their access to specialist knowledge that would be “near-on impossible” for firms to secure on a permanent basis.
Taking on an interim also allows businesses to invest in talent as and when needed, giving them the opportunity to effectively manage projects or a temporary increase in workload. In addition, a company can benefit from a fresh point of view that is “untainted by familiarity and convention”. This, Capita claims, means interims can share best practice and help drive innovation and productivity.
Stephen Hoban, director of Capita Professional Recruitment, said: “We have seen interim demand go through the roof in recent years, so it unsurprising that the IMA predicts the sector is tipped to become a £2 billion market in 2015.
“While every successful business relies on a strong backbone of permanent professionals for stability and continuity of strategy and vision, organisations that fail to consider flexible staffing solutions when bringing on board senior talent are certainly missing a trick.
“The use of contractors effectively allows businesses to ‘lease’ expertise that they would be hard pushed to secure on a permanent basis. Furthermore, if harnessed correctly, these skills should be retained within the business long after the interim has moved on.”
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