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BEST OF BOTH BENEFIT AS PUBLIC INTERIM DEMAND GROWS

BEST OF BOTH BENEFIT AS PUBLIC INTERIM DEMAND GROWS

According to the Interim Management Association (IMA), public sector interim management assignments rose 7% across 2008 a clear indication that government bodies continue to embrace the specialist skills offered by interim managers.

While the private sector has traditionally dominated interim management, figures taken from the IMAs 2008 Annual Ipsos MORI report show that the public sector is increasingly turning to interim professionals. Public sector appointments accounted for 45% of all completed interim assignments at the end of Q4 2008 a 12.5% rise from the previous quarter.

Paul Botting, IMA Chairman, is convinced the public sector presents significant opportunity for all interim specialists, particularly for those looking to foster a best of both sectors approach.

While each interim assignment is unique, many interim managers have dual sector experience to ensure a fully-rounded CV, says Botting. Although private sector appointments continue to command the lions share of interim roles, we are seeing interims look for a healthy mix of placements. Many are keen to utilise experience gained in each sector and apply different methodologies to ensure best practice in both public and private sectors.

Strong demand for interim placement continues across the public sector particularly from local and central government, charity work and healthcare. Local government accounted for the largest share nearly a third of public sector assignments last year, mirroring an increase in spending. Healthcare accounted for 12% of public sector assignments, and the NHS continues to benefit from dedicated interim managers, applying their business acumen to both change and turnaround management projects.

IMA provider members have a well-established history within the NHS, says Botting. As highly skilled senior executives, interim managers provide a bespoke solution for organisations looking to fill gaps in specialist knowledge and ensure organisational objectives are met. Though the economy is changing, interim management has a valuable role to play in both sectors, driving innovation and best practice, as well as negating high long term costs and overheads.

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