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HR INTERIM MARKET CONTRACTS AS BUSINESSES REBUILD IN-HOUSE TEAMS

HR INTERIM MARKET CONTRACTS AS BUSINESSES REBUILD IN-HOUSE TEAMS 
 
Recruitment specialist Poolia predicts demand for HR interims may decline further over the next 12 months as the agency reports a 35% increase in interim HR candidate registration since the start of 2011. As opportunities become scarce, many highly experienced, placeable candidates are registering with multiple agencies to increase their chances of getting a position.
 
The HR interim sector has been buoyant over the past three years through the credit crunch, as businesses trimmed down HR departments and kept headcount low. In addition, interims brought vital skills and knowledge to help businesses implement major change management programmes, often mass redundancies, which benefitted from highly experienced, senior interim input.
 
Now with an upturn in the economy, businesses are rebuilding in-house teams again. Poolia has seen demand for permanent placements double since January, with a dramatic 90% fall in demand for temporary and interim positions at all levels compared to 2010.
 
Poolia UK Managing Director, Shaun Greenfield, sees this as the result of a changing economic environment: Companies are optimistic about the economic recovery, so they are starting to increase headcount again. This means fewer opportunities for interims because there are now in-house people in place to fulfil those functions. Those companies that arent recruiting permanent roles in the HR department are still being cautious, and this includes reining back on interim costs as well. Plus there are fewer projects, as many of the change management and redundancy programmes are now concluded. In one sense its back to business as usual for companies, and this is affecting demand for interims.

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