More young executives than ever before are moving into interim management as a career, and they are finding more work and earning higher daily rates than other interims.
The latest Russam GMS survey on interim management, confirms that the highest percentage of interims (65 per cent) on assignment in June this year were in the under 35-age bracket. And interims under 45 got significantly more work than those over 45. Those in the 36-40 age bracket commanded higher salaries at £550 a day.
Russam reports an increase in the amount of part-time interim management work, with such assignments growing from 32 per cent of the market in September 2001 to 38 per cent now.
The biggest demand is for interims as finance executives, general managers, sales and marketing managers, and IT specialists.
One trend identified by interim agencies and interims themselves is worsening conversion rates, with many enquiries not leading to actual assignments.