There has been some conflicting outlooks for umbrella contractors, freelancers, temps and interims in recent weeks. However, The Interim Management Association (IMA) has thrown its hat into the ring with some encouraging stats.
According to a study conducted by Ipsos MORI for the IMA, new assignments for interim managers increased by 22% in the third quarter of 2011.
Also in its quarterly review, the IMA found that the private sector accounts for 65% of completed interim managerial assignments, up from 62% in Q2. This represents the highest level since Q4 2007, pre-recession.
Jason Atkinson, chair of the IMA, says: “With the summer period historically slow for hiring and the UK economy continuing to struggle, it’s quite remarkable that the uptake in assignments increased by 22%.
“The rise in completed private sector assignments is also encouraging with the figures showing interim usage in the private sector now on par with 2007 levels.
“In just a few decades, interim management has evolved to become a mainstream resourcing option and an industry worth over $1.5bn (approx £960m) to the UK economy.”
All of the above is encouraging and hopefully this trend will continue with more good news stories hitting the press over the Christmas period and into the New Year. The best barometer for us though is what you tell us is going on. So leave a comment below or join our LinkedIn group and tell us what you think.