THE INTERIM MANAGEMENT ASSOCIATION LAUNCHES IMA APPROVED
THE INTERIM MANAGEMENT ASSOCIATION LAUNCHES & lsquo;IMA APPROVED’
• UK’s leading interim management body launches industry code of practice
• Badge of quality underpinned by 12-point checklist and regular compliance checks
• Ensures organisations are provided with sound advice on the use of interim management
The Interim Management Association (IMA), the industry body representing the leading UK companies that recruit interim managers, has launched its & lsquo;IMA Approved’ campaign. The first of its kind for the industry, the campaign is designed to promote a rigorous code of practice, to which all IMA members will adhere.
The badge of quality is underpinned by a 12-point checklist, which ensures all members select and appoint only the best interim managers, guaranteeing that clients are provided with sound advice on the use of interim management.
Commenting on the launch, Jason Atkinson, chairman of the IMA, said: “Our latest Ipsos MORI survey revealed that the amount of business generated by the UK’s top interim managers has jumped 93 per cent in the past five years to £196m, compared with just £102m in 2006.
“On a national and international level, organisations are turning to interim managers as a flexible and strategic labour force. This is a growing sector and we envisage the industry being valued at around £2bn by 2015.
“As an industry body, we recognise the need for consistency and quality of service, and believe now is the ideal time to launch and promote a new industry standard. IMA Approved will provide organisations with a quality mark they can rely on. This is not just a box-ticking exercise, but rather is governed by a strict code of practice which will be regularly assessed by the Recruitment and Employment Confederation (REC).”
The IMA has opted to launch this quality mark in its 25th anniversary year in a bid to raise the bar in the interim management sector and improve services being offered to clients. As the industry grows, there are a plethora of recruitment providers claiming to offer interim management so the IMA Approved campaign will enable organisations to feel confident they have made the right resourcing decisions.
IMA Approved will be supported by an aggressive marketing campaign targeting organisations looking for a fast and flexible solution to resourcing. In addition, the IMA has launched of a new website which provides a complete online information hub for the interim management sector and a Twitter account (@IMAssociation).
The IMA is a specialist sector group of the REC and the two organisations will be working closely together to ensure members uphold the highest possibly industry standards.
Tom Hadley, Director of Policy at the REC comments: “IMA members will have to pass a rigorous compliance test not only upon joining, but on a regular basis to ensure standards are maintained. They will be expected to uphold the 12-point checklist and may also be subject to risk-based inspections. The goal is to help members reach the highest standards, so if any weak areas emerge, firms will be given tailored support and the opportunity to correct this.”
The IMA Approved checklist:
? Only places genuine self-employed interim managers who trade through a limited company and have adequate professional indemnity insurance cover in place.
? Has clear processes in place, which establish an understanding of the client's organisation and requirements and provides objective professional advice on the use of interim management.
? Provides job briefs, which result in a written job description and project plan that clearly sets out the description and scope of services to be provided by the executive.
? Offers a comprehensive search for appropriately qualified interim managers.
? Undertakes a thorough evaluation of the candidates, including personal and structured interviews and the formal taking of references of the individual's suitability and qualifications for the assignment.
? Only introduces candidates who have been briefed on the specific client opportunity, and who have been referenced and met prior to placement.
? Provides ongoing support to the client and to the interim manager when the assignment has commenced.
? Provides the necessary checks on the Criminal Records Bureau, Protection of Vulnerable Adults list and the Protection of Children Act.
? Demonstrates a true commitment to equality and diversity.
? Has adequate insurance protection in place to cover professional indemnity, employers liability and public liability. The IMA also has a wrapper scheme in place.
? Has a robust complaints handling process.
? Provides best practice training and resourcing for interim consultants.