Interim Opportunities
For all those contract workers utilizing a wide variety of umbrella and composite companies - there has been a rude awakening! Chancellor, Gordon Brown’s pre-Budget speech in December 2006 unveiled new proposals to remove the tax advantages that composite and managed service companies can offer their clients.
Commentary by Doug Baird, Managing Director, Interim Partners
There are some clearly defined sectors that are fuelling this growth statistic. These tend to be sectors that are being directly affected by increased business and regulatory compliance dynamics. Research by Ipsos Mori on behalf of the Interim Management Association (IMA) found that two thirds of the 1300 assignments assessed were in the private sector with chemical/pharmaceuticals accounting for 15%, banking and finance for 14%, manufacturing at 13%, business services at 12%, retail 10% and IT/telecoms 9%. These are all industry sectors that have experienced more onerous regulatory pressures over the past few years.
When asked how Interim Partners was coping with this growth, Doug Baird said: “Over the past 12 months we have taken steps to improve our service to clients and candidates by recruiting specialist consultants in all the key vertical markets such as Finance, FMCG, Manufacturing, Utilities and Media. This has helped to bring a more knowledgeable focus to the recruitment and selection process. We have also invested in technology to allow us to more closely match our clients’ Interim Management needs with the skill sets of our registered candidates. And in this respect, I would implore all candidates to ensure their Profiles and CV’s are up-to-date by clicking on ‘edit profile’ on the Interim Partners website at www.interimpartners.com.”
The future certainly looks positive for Interim Management. The challenge for all concerned in the industry, according to Doug, will be to maintain the quality of Interims as the market expands. For this reason Interim Partners is always interested to hear from experienced professionals wanting to start a career in Interim Management.
