Latest News - Average Assignment Length Increases For Interim Managers
Tuesday Apr 6
Survey reveals some encouraging news for Interims
Average assignment length increases for Interim managers
The latest Interim Management Association (IMA) / Ipsos Mori survey has now been published and once again shows reasonably encouraging figures for the Interim Management sector. The number of new assignments has increased by 4% since Q3.
The public sector had a strong quarter with 55% of all appointments during Q4. Local Government (25%) and Health (21%) remain the dominant sectors while assignments in Non-Departmental Government Bodies (19%) increased markedly during the quarter.
The Banking & Finance sector leads the way in the private sector yet again and has increased to 29% of the market. This reflects our recent experience as we have taken on numerous assignments within this sector in the last few months. The increasing impact of regulatory issues appears to be contributing to the growth in this sector and candidates with regulatory experience should find themselves in strong demand. The Chemical & Pharmaceutical (11%) and the IT (11%) sectors remain the next dominant industries.
The most popular reasons for assignments remained Project/Programme management with over one third (36%) of executives hired for this type of assignment. This has increased sharply from 28% in the previous quarter. Gap Management (24%) , Business Improvement (14%) and Change Management (13%) remain popular.
The average assignment length has increased to 159 billable days which is the highest recorded figure since the survey commenced in 2006.
Source: www.curiousinterim.co.uk - 25 March 2010
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