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Renewed business demand for Interim Managers with specialist skills

Renewed business demand for Interim Managers with specialist skills
The number of businesses hiring Interim Managers has increased this year, according to the Interim Management Associations (IMA) Ipsos MORI industry benchmark survey for Q1 2011.  Following a year of slow economic recovery, there has been a growth in demand this year for Interims to undertake specialist projects, financial assignments and help with critical business expansion projects.  
The report highlights a 29% increase in the number of Interims undertaking special projects, a 20% rise in financial assignments and Programme/Project Management assignments rising by almost a third (32%).  The total number of new assignments started in this quarter increased by 13%, compared to the previous quarter and is the highest level recorded since Q2 of 2010.
Jason Atkinson, Chair of the Interim Management Association (IMA) explains Given the choppy and uncertain economic conditions, this renewed demand for Interim Managers is positive. Interims with vital niche skills in project management and financial expertise who are able to lead companies through tough challenges and deliver new growth are evidently most attractive to businesses right now.  For many companies, Interim Managers are just what the doctor ordered in terms of helping UK businesses grow both domestically and internationally in difficult times.
Unsurprisingly, the research showed that the private sector overtook the Public Sector in terms of Interim Management usage during 2010, whereas in previous years the use of Interim Managers in both sectors has been roughly equal.  Whilst overall the Public Sector figures have dropped, there was a surprise rise in the number of Interim assignments in Local Government, with figures jumping from 26% this time last year, to 44% this year. 
Jason comments, In spite of the fall in demand in the Public Sector, Local Government is still a growth area for Interim Managers.  Currently, local councils are under huge pressure to deliver unprecedented levels of change and efficiency savings.  Interims are being used to lead change management and transformation projects, implement shared services programmes and they are working at the highest levels in local councils to help them achieve their efficiency goals.
Overall the figures from Q1 are relatively positive, however, the global market picture is much wider, and we are seeing a very interesting trend in the surge in demand specifically for British Interims in the Global market.  As such, our next survey will provide data on demand from abroad which should provide valuable insight, concludes Jason.
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