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Construction industry predicted to create most new jobs for senior executives

The poll found that the top three sectors expected to create the most demand for interim managers would be:

Construction (34% of respondents)

Technology, Media and Telecommunications (23%)

Manufacturing and Engineering (16%)

Interim Partners highlights that the construction sector is currently seeing a surge in activity in both the residential and commercial property markets, with Government schemes such as Help to Buy boosting demand for new homes.

This is a radical shift compared to just a few years ago. In 2010, only 4% of respondents said that the construction sector would create the most new jobs, reflecting the extent to which the sector contracted during the credit crunch.

Adam Kyriacou, Partner at Interim Partners, says: “The construction sector is benefitting hugely from the improving economy, with more senior assignments as major projects get underway.  The house building sector has seen particularly rapid growth, largely due to rising house prices and the Government Help to Buy scheme, which supports first time buyers of new build homes.”

“This is feeding through into high demand for interims to oversee projects and enable house builders and other construction companies to respond rapidly to changes in the market.”

Interim Partners says that the Technology & Media sector saw the biggest surge in expectations that it would create jobs, with the proportion of respondents saying it would be the biggest sector for new executive roles in the year ahead more than trebling from 7% in 2012 to 23% in 2013.

Adam Kyriacou explains: “The successful floatation of tech giants such as Facebook and Twitter as well as smaller British companies such as Just-Eat has provided a big boost to job growth expectations in the Technology & Media sector. It’s not just the established tech giants either - many interims are now being hired to steer start-ups through their vital growth phase, often with the specific brief of preparing them for an IPO.”

NHS expected to create most new jobs in the public sector

Interim Partners’ poll found that nearly half of interim managers (46%) forecast the NHS to provide the most new job opportunities in the public sector over the coming year.

Interim Partners explains that the NHS is still bedding down the radical reform towards its new GP-led commissioning model. Interim managers have been instrumental in delivering much of this change and they are not expecting the high demand for their skills to fade.

Adam Kyriacou adds: “Interim managers have been pivotal in driving the NHS’s reforms so far and there is a lot more work to do.”

Which of the private sectors listed do you expect to create the most new jobs over the next year?

2013

2012

2011

2010

Construction

34%

27%

10%

4%

Technology & Media

23%

7%

6%

6%

Manufacturing & engineering

16%

15%

16%

11%

Financial Services

14%

12%

15%

34%

Retail

5%

7%

7%

5%

Green Technology

4%

5%

18%

-

Pharma

4%

5%

7%

13%

Aerospace & Defence

1%

3%

2%

2%

Charity and Non-profit

 -

2%

2%

4%

Energy & Utilities

 -

6%

9%

9%

FMCG

 -

5%

5%

8%

Travel & Leisure

 -

3%

1%

2%

Transport & Distribution

 -

3%

2%

2%

Within which job function do you expect to see highest demand over the next year?

2013

2012

2011

Project/Programme Delivery

30%

21%

19%

Change Management

27%

27%

31%

Turnaround Specialist

9%

19%

19%

Finance

8%

6%

8%

Compliance

5%

6%

3%

CEO/MD

4%

1%

2%

IT

4%

5%

4%

Marketing

3%

1%

1%

Sales

3%

4%

4%

Manufacturing/Operations

3%

5%

4%

HR

2%

1%

1%

Procurement

2%

3%

3%

Property/Facilities Management

1%

1%

1%

Within which public sector areas do you expect there to be the most job opportunities over the next year?

2013

2012

NHS

46%

47%

Central Government

17%

12%

Local Government

10%

17%

Housing

13%

9%

Education

11%

7%

Ministry of Defence

4%

1%

 

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