Interim management solutions are taking organisations’ recruitment strategy to new levels
According to our annual European Salary Survey, the positive trend for hiring interim managers will continue in 2019, with a high demand in finance and operations (production & supply chain) in particular.
Candidates with experience in optimisation and transformation projects and those who possess strong project management skills will be of high value.
Olivier van Outryve d’Ydewalle, Senior Manager at Robert Walters Belgium, briefly outlines what to expect in the interim management market in 2019.
How did the interim management market evolve in 2018?
Olivier: “The interim management market grew strongly in 2018. The number of interim management assignments increased with more than 11%, especially in the fields of finance, production, supply chain, project management, business optimisation and transition projects. The highest level of hiring activity in 2018 was seen in the manufacturing, FMCG, energy and telecom sectors.”
We believe that hiring managers will struggle to hire self-employed interim financial and business controllers in 2019, as demand for these professionals exceeds supply.
How can you explain this increased demand for interim managers?
“Throughout the years, organisations have seen the benefits of including interim management solutions as part of their recruitment strategies. In 2018, we have seen a real focus on ‘value for money’ from companies, which led to less senior candidates being considered for operational and expert roles. The shortage of permanent candidates in finance control positions has led companies to increasingly outsource these tasks.”
What are your expectations for 2019?
“We believe that hiring managers will struggle to hire self-employed interim financial and business controllers in 2019, as demand for these professionals exceeds supply. There will also be an increase in demand for candidates in the fields of optimisation, finance and project management in order to support organisations’ growth strategies.”
Do you expect interim managers’ daily fee will increase in 2019?
“In the past year, daily fees remained stable, with some increases for positions where there was a shortage of candidates, such as financial control, accounting and ERP implementation project managers and we expect this trend will continue in the year ahead.”
What is your top tip for hiring managers for 2019?
“Hiring managers looking to see results quickly should try to maximise the return they get from interim managers by ensuring they share valuable knowledge with internal employees.”