Interims more confident in UK economy this year than in 2014
53% of interims said they have more or much more confidence in the UK economy than last year only 7.5% reported less confidence.
The demand for interims remains high as organisations turn to them for their deep experience and ability to deliver strategic projects within specific deadlines.
The survey results, which this year have been presented in an infographic format, show that the top five tasks interims were hired to achieve in their last assignment in the UK were: addressing internal change (39%), business development (33.5%), major new project/programme development (33%), performance/quality enhancement (21%) and crisis management (16.5%).
Increasingly, interims are also in demand on international assignments and for those who worked overseas for their latest role, the lead objectives were business development (27%), followed by major new project/programme (24%) and addressing internal change (19%), showing a more positive outlook overall.
Nigel Peters, managing partner of Alium Partners, said, “Last year was very positive for the industry as organisations continued to turn to interims as tried, tested and trusted resources to deliver programmes that help them generate growth within the improving, yet hugely challenging, economic environment.”
From a macro perspective, interims reported the key drivers for interim demand in the last year to be factors such as: increasing industry cost bases, regulatory and legal change, declining industry margins, the complexity of economic outlook, and declining sales.
The top five users of interims in the last year by sector were: public sector and government (39%), financial services (38%), private healthcare (33%), IT (33%) and technology (27%).
Peters adds, “We are seeing the need for highly complex strategic project management undertaken by very experienced interim hands continuing into 2015. Many organisations simply do not have the skill sets internally to lead and deliver on their strategic growth initiatives, so they turn to interims, not just for their experience but because they can be in place and making a difference within a matter of days.”
The areas where interims expect to see most demand for their services in the coming year are: transformation, turnaround and crisis management major projects and programmes operational improvement cost reduction and better use of technology.