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Bright Purple Takes Top Honour at Scotland Institute of Directors Awards

Bright Purple Takes Top Honour at Scotland  Institute of Directors Awards

IT and Financial Services Recruitment specialists Bright Purple Resourcing has celebrated success at this year’s Institute of Directors (IoD) Scotland Awards after its founder and CEO won the director award for Enabling the Effective Use of Skills. As well as being shortlisted for the Edinburgh and Lothians regional award, CEO Nick Price was also a finalist in the overall Scotland director of the year category.

Price’s award for effective use of skills followed the launch of the Bright Purple Academy last November. Based within the firm’s Edinburgh headquarters, the Academy provides internal and external training and also delivers an important CSR role through the Bright Futures programme, an initiative helping young people who are currently not in employment, education or training.

Commenting on the award, Nick Price said: “Although it may have been handed over to me, this prestigious IoD Award is really for the people who make up Bright Purple. It may be a clich&eacute to say this but the truth is that without the commitment of the team here none of the great success we’ve had in launching and running the Academy would have materialised. For their sake, I really am pleased to have accepted the award and I feel confident on behalf of our great team that we will achieve much more through both the company and Academy going forward.”

Proportion of interim managers working in the public sector reaches four-year low

NHS a bright spot among weak public sector demand

Rates for private sector interims up 6.5%

The proportion of interim managers working in the public sector has hit a pre-credit crunch low, says Interim Partners, a leading provider of interim management solutions.

Interim executives are managers or other senior executives, usually just below board-level, who are recruited on a short-term basis.

Just 34% of interim assignments were undertaken in the public sector in Q4 2011, the lowest proportion since Q4 2007, when only 30% of interims were working in the public sector. The proportion of interims working in the public sector peaked at 55% in Q4 2009 as public spending peaked during the recession.*

Daily rates for interim managers working in the public sector have declined by 10.3% over the past 12 months, from &pound728 per day to &pound653 per day.

Doug Baird, Managing Director of Interim Partners, comments: “Despite the transformational change that much of the public sector is expected to go through, the use of interim managers has become politically very sensitive. That is a shame as interims, with their change management experience, are ideally placed to ensure that public sector reforms improve service levels.”

“With thousands of public sector workers losing their jobs, there are fewer opportunities for interim managers in public sector bodies. Contract workers tend to be first to be culled in any headcount reduction, which has impacted demand for interims.”

“Despite public sector organisations’ reluctance to hire, there are pockets of demand for interims with specific experience at managing cost-cutting programmes and driving through efficiencies.”

He adds: “We are still seeing quite high demand for interims in the NHS, as trusts implement cost-reduction programmes. Cutting costs in a healthcare environment can be particularly demanding as the need to ensure patient safety means that cuts have to be made in a very measured way.”

Interim Partners says that the wave of mergers currently underway between NHS trusts is also fuelling demand for interims to handle post-merger integration work.

Doug Baird says: “The merger of trusts often creates a significant spike in workload which interim managers are ideally suited for. Interim managers will bring unrivalled experience of developing business plans for other organisations, which NHS trusts are not likely to possess in their existing management teams.”

Daily rates for interims rise 6.5% in the private sector

While daily rates for interims in the public sector have declined by 10.3% over the last 12 months, daily rates for interims in the private sector have increased by an average of 6.5% since Q4 2010, from &pound741 per day to &pound789 per day.

Interim Partners says that while private sector employers are still reluctant to increase permanent headcounts, demand for contractors and temporary workers remains reasonably strong.

Doug Baird says: “Interim managers performing turnaround or restructuring roles remain in very strong demand.”

“Clients are willing to pay very good daily rates for the right interim. Those interim managers who can point to significant experience within the relevant sector, such as retail banking or insurance, currently attract a premium over generalist interims with experience in a number of different sectors.”

39% of private sector assignments are in the banking and finance sector, down from 43% in Q3 2011.

Growing number of assignments outside the UK

6% of all interim assignments are outside the UK, up from 3% in Q3 2011.

Doug Baird comments: “British-based interims have built up vast reservoirs of experience during the recession which has made them increasingly valuable internationally.”

Research by Ipsos MORI for the Interim Management Association


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