The interim management market has shrunk by 8 per cent over the second financial quarter.
Daily rates have stayed the same, but interim management providers' share of the market has worsened as some interims have started to bypass providers and sell direct to clients.
The Russam GMS quarterly snapshot of the interim management market shows July and August were slow, as expected, and an upturn in September failed to happen. It reveals that last quarter's increase in part-time interim management has been reversed and is now 34 per cent of all interim work carried out, down from 38 per cent.
The snapshot also reveals the average daily rate has not changed at £489, but masks significant regional variations. The average rate for HR interims is £456, down from £477 a year ago.
The research shows that 47 per cent of interim managers were on assignment at the end of September 2002, compared with 51 per cent three months previously and 51 per cent at the same time last year. Of interims on assignment, 38 per cent were introduced to clients by providers, compared to 40 per cent for the previous quarter.
Interims' daily rate
South of England: £558
Central England: £492
North of England: £473
West of England: £424
Source: Russam GMS