2010 set to be a boom time for Interim Managers

According to the IMA, interim managers are increasingly being used instead of management consultants primarily because they are significantly cheaper.

Paul Botting, Chair of the IMA explains; "as organisations look to undergo restructuring and drive growth plans they will increasingly utilise specialists on a short term basis to maintain flexibility on squeezed overheads. However as businesses emerge from recession, they will want to secure talent but at minimal long-term risk. Essentially it is like turning the tap on and off when resource is needed… "

Botting went on to say that he thinks 'start up' and 'rationalisation' will take over from 'change management' and 'business transformation' needs when it comes to new interim assignments.

He also highlights the public sector where interim management is currently susceptible to the Government's manifesto.

"With a General Election some 200 days away, and a change of Government seemingly likely, the public sector use of interim management is seeing a slow-down, compounded by promised cut-backs and cost-savings. Nevertheless, the bigger picture shows that there has been a massive stride forward when it comes to the emotional acceptance of the role of interim management and the appreciation of the value it has to this sector. Whilst, we are anticipating further slow-down - undoubtedly interim management now has earned its role and is here to stay."

The increase in usage of part-time interim managers is also expected to continue in 2010 as employers look to reduce their salary overheads at the same time as hiring experienced individuals to fulfil a particular role.

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