Firms’ use of interim managers leaps 40 per cent

Employers
are becoming increasingly dependent on interim managers, reveals research.

A
survey of more than 100 companies shows that year-on-year the use of interim
managers has grown by 40 per cent.

The
research finds that finance, HR, IT and CRM are the most sought after
functional disciplines for interim management. It also shows that urgency and
speed of response is the top priority for organisations using interim managers.

Companies
surveyed also confirmed that the objectivity brought by experienced interim
managers allowed for a more effective management of change.

Patrique
Habboo, managing director of Praxis, commented: "This survey reinforces
our belief that interim management has gained considerable ground and wider
acceptance in the UK, and is now seen as the best solution to senior short-term
skill gaps. We have also noticed the increasing trend towards a more strategic
use of interim management, as well as the traditional contingent use, which is
as we would expect in any maturing market.

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"With
the current economic uncertainty, and increasing focus on cost base management,
the use of experienced senior management on short-term contracts to drive
through a project, manage a major bid, or implement a restructuring offers
great flexibility and cost effectiveness to our clients."

By Ben Willmott