David Hazeldine, Procurement Heads’ Head of Practice for Interim Management, explains what he’s currently seeing in the interim market.
Over the last couple of months, we’ve seen a massive spike in interim opportunities across our business.
The roles we are seeing span sectors, geography and categories and I’m seeing a real need for specialists in the transformation space as businesses look at changing their target operating model.
The spectrum on day rates for interim practitioners is anywhere from £350-600 inside IR35 and between £550-900 outside of IR35.
Why is there such a demand for interims?
The surge in interim roles we are seeing comes specifically at a point in time where I believe businesses are considering what they can get through by the way of their original plan for the rest of the 2021 calendar year.
They realise that the permanent processes are taking longer because of availability, candidates’ notice periods or offers being rejected – which, with a war on talent, is currently happening especially as the best candidates have two or three offers on the table at any one time.
So, therefore companies are having to rethink the impact a gap in their permanent workforce is having.
Where is the biggest need for interim professionals?
There is a definite need within defence.
The sector is seeing the knock-on effect of Boris Johnson announcing a significant investment into defence in the last six to nine months.
Also, across broader manufacturing and private sector environments, there’s a lot of target operating model change, and people are looking at supply chain resilience.
This is all creating need for short term, experienced, high impact support.
And that is where interims are at their best.
If you are an experienced interim professional looking for your next assignment or are looking at an interim to come in and provide immediate solutions for your business, get in contact with me on 07780 734743 or drop me an email.
About the author
David has spent more than 15 years specialising solely in the appointment of Interim, Contract and Temporary candidates and a further five years appointing Retained or Exclusive Executive Searches internationally.
With a deep specialist network of Procurement/Supply Chain/Logistics and Distribution/Change and Transformation practitioners, David regularly partners with FTSE100, FTSE250, SME and PE/VC backed businesses on an international basis.