Interim managers are finding it harder to get full-time assignments compared to six months ago, as the tough economic conditions continue and more people enter the interim market.
In the latest snapshot poll by specialist consultancy Russam GMS, 40 per cent of respondents were on an assignment, compared to 48 per cent in December 2002.
The survey, which questioned more than 1,200 interims, also uncovered a swing towards part-time assignments, with the number of managers working less than a full week increasing by 5 per cent.
However, average daily rates have improved, increasing from £480 per day to £505, with part-time interims earning even more – around £527 per day.
According to the survey, the average age of an interim manager is 51, and those aged 40 and above can expect to earn more and win more assignments than their younger colleagues.
Sectors interim managers are most commonly used by:
– Engineering and manufacturing: 18 per cent
– Public sector: 13 per cent
– Financial services: 9 per cent
– IT: 7 per cent