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IMA confidence high ahead of AWR implementation

IMA confidence high ahead of AWR implementation

 The forthcoming implementation of the AWR was a key focus for discussion at the most recent meeting of the Interim Management Association (IMA). The priority for IMA members is to provide reassurance to clients with regards to fact that the regulations will have no real impact on the provision of interim managers.

Commenting on the forthcoming Regulations, Jason Atkinson, Chair of the IMA, said: “The feedback from IMA members confirmed that a number of client organisations have only just started raising concerns and queries over how the Agency Work Regulations might impact interim management. Members of the IMA have been proactive in addressing these concerns and in reassuring businesses that that the Regulations will have little impact on the interim market. In almost all cases, high-level, executive interim managers are already well rewarded and are, in any case, self-employed and therefore out of scope.

“Our numerous discussions with BIS have confirmed that the overall policy intention is to limit the impact for those who are genuinely self-employed. IMA members will continue to relay this message to employers and interims in the run-up to implementation."

Looking ahead at the general outlook for interim management, Atkinson noted: “The latest data shows that the use of interim management in the private sector is back to pre-recession levels. This is good news and demonstrates to ongoing value that interim arrangement delivers to UK businesses. As the voice of the interim management industry, we will ensure that misconceptions over the forthcoming regulations do not create a barrier to continued growth in the industry."

The IMA has produced a short guide to the AWR which is available on the IMA’s website: www.interimmanagement.uk.com

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