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Interim management enquiries on the rise

Despite the slowing economy and permanent job shortages, demand for interim management has actually increased. This is according to the findings of an Ipsos MORI report commissioned by the Interim Management Association (IMA) for the third quarter of 2008.

During that period requests for interim managers rose by seven percent, compared to the previous quarter. Almost a third of enquiries were from the public sector, where local government interims were the most requested. The most common private sector enquiries were from banking and finance, which accounts for nearly a quarter of sector enquiries.

Paul Botting, Chairman of the IMA, comments: "A continued rise in enquiries is anticipated as we begin 2009. We're certainly seeing a need for both private and public organisations to think smarter, which bolsters the need for highly specialised interim work.

"Those who are employed to come into a company to turn around a particular aspect of a business or project have a fresh and independent outlook, this combined with their highly specialist expertise means they are an incredibly attractive option. There can be no doubt these skills are in constant demand, perhaps more so in the current downturn, across all sectors."

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