Interim managers are in demand
The demand for interim managers in the UK continues to expand rapidly, according to research from PA Consulting’s Interim Management practice.
John Murray, who heads Global Interim Management for PA, said the growth rate of more than 40 percent, is fuelled by three factors.
First, many growing companies of all sizes are short of resources at the top level. Executives in these top-level positions are therefore committing themselves to their businesses with their own capital, through stock plans, in the hope of rewards in the future. This is occurring in sectors such as telecommunications, professional services, software and leisure.
Second, the increasing practice of sector consolidation has led to mergers in oil, banking, the utilities and pharmaceuticals. The nature of this has led to the need for flexible project managers with skills in all disciplines, especially IT and HR.
Third, the sudden loss of executives through emergency situations, such as resignations, dismissal, maternity or death, requires an immediate response. Unexpected events such as hostile bids, litigation, surges in costs, declining demand or technology change can also put pressure on management. In 1998 there was an increase in demand for “sudden” help from interim managers.
As a response to this demand, PA has expanded its interim operations, with services now being offered in Munich, Frankfurt, Hong Kong and Sydney.
There are plans to offer such services in Belgium and the Netherlands.