Contracting permanent staff rates highlights the importance of quality Interim Management solutions
The hiring of temporary recruits is on the rise in the UK. A recent poll of 400 recruiters conducted by the Recruitment and Employment Confederation and the professional services firm, KPGM, shows that in April, temporary placements grew at their fastest rate in seven months. Meanwhile, the number of permanent placements being offered by companies dropped at the quickest rate in over two years.
The rising trend of hiring temporary staff opposed to permanent is owed, in part, to companies hedging themselves against economic uncertainty.
However, the same research also revealed that starting pay for temporary and permanent employees increased in April. Companies are offering higher levels of pay in a bid to attract candidates with the right skills.
Claire Warnes, partner in skills and productivity at KPMG UK, said the preference of hiring short-term staff continued unabated into April. “Businesses remain cautious about committing to permanent hires in the face of ongoing economic uncertainty, which led to the quickest increase in temporary billings for seven months.”
While the research confirms temporary recruitment models are on the rise, the benefits of Interim solutions have long been understood and documented.
Professional Interim Managers bring a wealth of knowledge and experience, often when a company needs it the most. They typically have a particular set of skills that are necessary for solving a given problem in a short period of time.
With companies increasingly moving away from permanent executive job positions, having an executive search agency that understands the Interim Management market could save a business a significant amount of time, resources, and money.
Bailey Montagu offers Interim search solutions to help companies overcome issues related to skills shortages. Often at time of crisis, transition, or change, it is vital that firms fill interim managerial roles quickly and efficiently.
At Bailey Montagu, we take the time to listen to our clients’ unique needs. In constantly searching for the best Interim talent, we are in a position to shortlist the right candidates quickly for our clients, to ensure only the most suitable and experienced of Interim talent are hired first time round.
To learn more about our Professional Interim Managers’ solutions, get in touch with our Interim team.
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