The Interim Management Association (IMA) has published figures indicating that the use of interim managers in the public sector has reached the highest levels since 2009. The new figures also show that the number of women in interim management have maintained their recent high levels.
These figures were revealed in an Ipsos MORI survey commissioned by the IMA with data provided by interim management providers. The survey covered Quarter 3 of 2014. For this period, there was a 9% increase in completed assignments within the public sector over Quarter 2 of 2014, rising from 40% up to 49%, meaning that there is now a more even split across the public and private sectors. An all-time high was reached in 2009 when the public sector accounted for 55% of all completed assignments.
In total, around 58% of interim managers were working within national government departments, with more than 4 in 10 (41%) working within local government, and 17% working for central government. On the flip side, interim managers were most prevalent within education, accounting for 15% of roles.
There’s a trend towards better gender equality within the interim management industry, with women accounting for 35% of the positions. This continues the recent trend for women in the industry with the figure remaining above 30% since the second quarter of 2013.
Within the private sector, the financial services industry utilised interim managers the most accounting for 46%. The retail sector observed a sharp increase in the use of interim managers reaching 8%; an increase of 5% from the same period one year previous.
This survey comes at a time when the public sector is shrinking with almost 1 million jobs expected to be lost over the next five years. While there may be fewer jobs available in this sector, essential services still need to be delivered. Modern councils have adapted to become more flexible by outsourcing specialists to provide the skills to manage a single project, as opposed to full time staff members with a more general skillset. Interim managers can hit the ground running as well as shoring up knowledge gaps which may not be present in the existing workforce.
Alternatively an interim manager can be used as part of a change management process and implement a potentially difficult strategy before departing, leaving the existing management free from the adversity associated with a transitional period.
A representative from Momenta said, “A changing economy means that the public sector increasingly requires the skills offered by interim managers and it appears to be a trend that will continue into 2015. Interim managers can help implement change and their knowledge base ensures every business, whether they are in the public or private sector, get their maximum return on investment.”
To find out what our Interim Management offering can do for your business please get in touch today. Call us on 0202 7374 5610 or email us through our contact page.