Latest News - Interim Managers Are Remaining Positive (22/05/2009)
Friday May 22
No panic for Interims despite a tough market-place
Interim Managers are remaining positive about the future
Over three quarters (78%) of interim managers are not expecting the economy to recover during the next 12 months, according to interim management provider Russam GMS. The results of their second “Recession and the Interim Manager” survey (which encompasses the opinions of 10,000 interims) discovered that two thirds (66%) of interims are struggling as a result of the current economic crisis. Despite these gloomy figures, 61% of interim managers are confident that they can lead businesses through the recession.
Half of all interims surveyed said their main problem is that there are fewer assignments on the market. However, to combat these difficult times 48% said they had made networking their number one priority. Also, 61% remain confident that interim management is a good place to be right now in spite of these challenges.
Charles Russam, Chairman of Russam GMS comments: “Our second ‘Recession and the Interim Management survey’ has revealed clearly that the recession is now making its impact felt strongly, with fewer assignments around than six months ago, increased competition for assignments and a squeeze on daily rates. The situation has definitely worsened in six months when 48% of interims complained the recession was affecting them then.”
“But like six months ago, interims are upbeat, incredibly resilient and they remain confident fresh opportunities will emerge soon and that their services will be in demand by businesses when recovery comes. One thing is clear, to survive this downturn, interims need to be true entrepreneurs and get creative in their networking, seek out new opportunities, ensure their skills are up to date and that they present themselves in the best way possible at all times. Interims that remain positive, resourceful and focused will be the ones snapped up post recession.”
Source: www.thegrapevinemagazine.com – 29 April 2009
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