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A good year ahead for the interim management sector
by Susie Hughes at 13:43 16/01/14 (News on Business)
The Interim Management Association (IMA) is predicting a good year ahead for the sector - despite concerns last year that it would be caught by the regulations aimed at taxing integral workers as employees.
The IMA reported that during the third quarter of 2013, joint turnover by its members’ firms stood at £42 million comparable to the previous quarter, and an increase of 29 per cent from the first quarter of 2013.

Jason Atkinson, chairman of the IMA said: “The second quarter of 2013 saw a real uplift in all areas, and at the time I commented on how positive this was for the industry. These third quarter results continue the overall growth trend, and – when compared with the statistics reported between 2008-2012 – I believe we are beginning to see signs of real recovery and development within the sector.

“Whilst we haven’t seen any big spikes for this third quarter, I think it represents the changing pattern of interim recruitment. These industry specialists are brought in during the first quarter to work in, often complex, business scenarios. Assignment lengths are increasing and they are being afforded time to drive the activity and to deliver results.”

The latest survey also highlights that 36 per cent of interims are female – a figure that continues to increase, and the highest recorded since 2010.

Mr Atkinson said: “Interims are re-skilling and re-inventing themselves to stay one step ahead. They are also getting younger, and increasing numbers are women.”

The survey also highlighted that public sector assignments increased from 35 per cent to 40 per cent, Mr Atkinson added: “The use of interims in the public sector is on the increase, and we are seeing specialist skills being deployed in areas including online marketing and digital support.”

A current IMA website poll indicates that 78 per cent of respondents believe that interim management can provide the answer to the challenges faced by the NHS.

One further finding from the survey indicated that within the private sector, financial services continues to be the largest employer of interim managers – standing at more than 4 in 10. And, again 6 in 10 of all interims were hired for ‘programme or project management’ roles.

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Susie Hughes © Shout99 2014

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