News & Insights

Companies Turn To Interim Managers In An Upturn

As business emerges from the recession demand for interim executives is continuing to grow according to Macallam Interim. 

A recent report by the Interim Management Association (IMA) shows that more businesses are seeking interim managers as a "valuable resource" for companies looking to hire skilled employees to aid their recovery during the much-vaunted upturn. 

Steven Wynne, Macallam Interim Managing Director, said: “During the past 12 months many companies have been panicked into letting key staff go as they move to clamp down on costs. Now they are seeking new talent to lead them into growth. 

“The skills required to manage a business in a down turn are very different from those required in an upturn. Managing a business out of recession and setting in place the structure to ensure future continued growth requires a certain set of skills.” 

According to the IMA, which represents the UK’s interim management providers, turnaround specialists have been in particular demand since the financial crisis, with businesses calling on such experts to help salvage key projects left in disarray by the downturn. 

Mr Wynne, who works with a wide range of organisations and interim managers, said: “Good interim managers normally have a few grey hairs and battle scars. They are very experienced and have been through the economic cycle a few times and, as a result, they are able to hit the ground running when they join an organisation and will often deliver tangible results within a very short time.” 

The latest findings from an Ipsos MORI survey conducted for IMA shows that the use of interim managers increased by nine per cent over the first two quarters of 2010. Covering the period between April to June this year, it also reveals that the proportion of private sector interim assignments has increased to more than half. 

Based in Harrogate and with clients across the UK, Macallam Interim is a leading interim management provider specialising in the provision of interim executives for clients going through change, needing to resource for projects or where there is a shortfall in management expertise. 

Its team has many years experience of successfully placing interim executives and manages an extensive pre-vetted register of interims covering most sectors and disciplines. 

Additionally it maintains an in house research function so when faced with a particularly challenging assignment Macallam Interim can explore beyond their database to ensure it quickly delivers the very best solution for its clients.

For  a confidential discussion please call 01423 704153

News posted: 07/07/2011 by Steven Wynne

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