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Interim management | trends and daily rate comparisons

The demand for interim managers in the UK is continuing to grow to record levels according to a six month snapshot survey from interim provider, Russam GMS, who polled its database of over 7,500 in December 2007. The poll revealed that demand had eased slightly in December perhaps indicating the beginning of a market slowdown.

Snapshot survey findings:

  • Average daily rate for Interims: £580 up 4.6% from £553 recorded in December 2006
  • However, this figure is down by 0.9% from £585 recorded in June 2007
  • Average daily rate for HR interims: £533 a day recorded in December 2007, a rise of 1.8% from £523 in recorded in 2006. However, this figure is down from £595 which was recorded in June 2007
  • Interim managers in IT were paid the most: an average of £622 a day
  • General managers were paid £610 a day
  • Sales and marketing executives earned £595 a day
  • 57% of all full-time interims were resourced through providers in December 2007
  • Central and local government relied on providers the most: 75% of all central government interim roles being recruited by providers
  • 34% of interims stated they would never go back to a permanent job and 44% said that they would take a permanent job only if the offer were tempting enough

Charles Russam, chairman of Russam GMS:

  • In 2007, the levels of Interim activity increased once again with record daily rates being paid in many industry sectors.
  • We noted increased demand for interims from the NHS, FMCG companies and central and local government, where we believe that interims are now being used more frequently in place of management consultants.
  • This growth might not continue in 2008. There was a slight slowdown in December, which could be a result of market uncertainty but we won’t really be able to tell if this signifies any major changes in the market until March when activity is usually at its highest levels.
  •  The NHS, FMCG companies, Utilities and Professional services companies were paying the highest interim rates in 2007.
     
  • Interims willing to work overseas were paid the highest rates, closely followed by interims in working of the South of the UK. 
  • Talented interim managers are increasingly hard to find, which is why organisations are relying more heavily on interim providers to source them.
Published Thursday, 31 January 2008 by Editor
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Comments

 

Interim Manager said:

Our internal survey on interim management wages supports these findings. Many have attributed this to the recent economic downturn. Could this be another 1992 when the recession caused interim management to really blow up? If so then the more experienced managers who were around at that time will surely be in great demand.  

July 1, 2008 10:03 AM
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