- Data highlights number of enquiries for interim managers is on the increase
- Sector continues to thrive in spite of possible threats from government PAYE proposals
- Women accounting for an increasing number of assignments
Some other survey highlights include:
The average length of assignment was 152 days, compared with 173 in the previous quarter.
- Programme/project management was the most common reason for hiring interim executives, accounting for 36% of all assignments.
- Over half (53 percent) of private sector assignments were in banking and finance.
- Public sector business is dominated by local government - accounting for almost half (48 percent) of all public sector assignments.
- These findings confirm continued growth for the Interim management sector and that it remains a practical, economic and speedy solution to organisations needing help with Change, Restructuring, Turnaround, special projects or to bolster their senior leadership capability.
The survey also revealed female executives account for almost one third (31 per cent) of all the assignments, up from 24 per cent in the previous quarter.
Interestingly, given the recent press surrounding the small number of female executives represented at Board level following the Lord Davies review it is positive to see an increasing number of female interim executives being engaged on assignment and it seems to be a serious career choice for an increasing number of female executives.
By Steven Wynne