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Good Business Practise? Interim Managers At Heart Of Uk Companies Reveal All
Boyden Interim Management release revealing industry statistics
With many Interim Managers joining leading public and private sector companies in the UK at Director level, these independent thinkers are in the very privileged position of providing a unique and unbiased window on the nation. With over 750 Interim Managers questioned across the UK, the Boyden survey offers a real insight into the workings of organisations across all business sectors. The findings reflect the state of the nation at a time of crucial political change.
“We are seeing organisations resourcing needs increasingly driven by major change projects. Interim managers provide a flexible and highly effective solution at pace. Typically they can add value up to, and over, 20 times their cost. Every organisation wants to be successful and we’re seeing interims playing an ever more important and increasing role”
Peter Sanderson, Managing Director
Highlights of the survey reveal:
1 When asked about company confidence in the economy, 82 % of interim managers surveyed believed that their employers were as confident, if not more or much more confident than the year before. Perhaps surprisingly is the manufacturing sector expressing the most optimism at 83%.
2 Respondents were also asked to look at social policy implementation within their organisations to see how companies embrace the recruitment of different religions, race and disabilities. The notable difference was between the public and non-public sectors. As much as 80% of those in the public sector believed that their organisations followed an all-inclusion policy compared to less than half (48%) in the non-public sector.
3 The on-going topical debate about whether women are treated the same as men in the workplace was also addressed with encouraging results, three quarters of those polled (74%) agreed or strongly agreed that women were treated fairly compared to men. However, when looking at the male-dominated world of finance, a third of the women polled in this sector disagreed with this.
4 Despite the BBC’s recent ousting of ‘older’ presenters, ageism seems to no longer generally be an issue. This could be due to the recent changes in law and age employment. Nearly two thirds (63%) agreed or strongly agreed that correct age and employment procedures are used in the workplace.
5 While households joined forces last week to turn off their lights to help climate change, there is clearly more which can be done within the non-public sector. Here, less than half (49%) believe that good environmental measures were in place at work, compared to an impressive 71% within the public sector.
6 Interim executives typically costing £120,000 an assignment, can often return many millions of £’s of added value relative to their cost
7 In both Public and Private sectors the two major issues of concern nominated are poor staff management and lack of vision.
8 The majority (80%) of interim managers earn between £500 and £1,000 a day (equivalent to a full-time salary of £75-£150,000 pa) and over two thirds (69%) are earning more than the previous year. Most interims are called into a company at times of organisational change.
“The survey results are extremely encouraging for the Interim Management industry. We have seen that the majority of interim managers were securing more contracts than the previous year and with over two thirds earning 16% more and some earning up to 25% more. There is a big change happening in the Interim Management field. More and more professional executives are turning to an interim career as their profession of choice. They enjoy a fast paced and demanding lifestyle, are judged on their ability to deliver, can cut through corporate politics and thrive on challenge. They’re great achievers, great added value and great catalysts for change.”
For further information contact: Kate/Abbie at MAX
Tel: 020 8334 5750/ firstname.lastname@example.org
Nick Robeson available for interview
*Boyden is a global leader in the executive search industry with more than 65 offices in 40 countries. Founded in 1946, Boyden specializes in high level executive search, Interim Management and Human Capital Consulting across a broad spectrum of industries.