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Business Management Review | Tuesday, March 29, 2022
International Network of Interim Manager Associations has published its new survey, reporting on experiences during 2021, and kindly invited Forbes and the team at Agile Talent Collaborative and #freelancerevolution to take the first look.
FREMONT, CA: As a result of Europe's generally more restrictive employment laws, Europe is a significant market for interim workers, and INIMA is primarily focused on interim management throughout Europe.
Unlike the "at-will" employment contracts standard in the United States and emerging economies, European legislation makes it more challenging to terminate a job without significant financial consequences. Interim has grown in popularity as a talent arbitrage tool, allowing organizations to hire more experienced professionals than permanent positions would allow.
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Interim positions are becoming more common in Europe. In intermediate work, according to INIMA, there was a 7 percent increase from the 2021 study, with the UK (16 percent) and France (10 percent ) showing the most growth. According to the research, the UK and France were at the top of the list in January 2022, with an increase of 11 percent.
Personal networks are still vital as they were the most common source of interim positions in 2021, followed by interim marketplaces and consultancies (24 percent ). This tendency continues, with relationships accounting for 51 percent of interim assignments. Despite the fact that there are more accessible channels for interim management, fewer assignments come from providers. This is interesting because the number of companies offering acting talent is growing: boutique firms like Ferovalo in Finland, executive recruiting firms like Odgers Berndtson and Heidrick & Struggles offer interim executives between full-time assignments, both traditional management consultancies like Egon Zehnder and independent consulting platforms like Comatch in Germany and OMS in France offer interim executives between full-time assignments, and even tech and finance platforms offer fractional or interim CT.
Interim managers' profiles are evolving but at a gradual pace. The typical interim manager was 56 years old and male in last year's piece on the interim management area. The demographic is shifting, although at a glacial pace. While women held 35 percent of permanent management roles in Europe according to a Eurostat poll from 2021, only 14 percent of European Interim Managers were female according to the INIMA survey. The INIMA survey delves into the contributions of women interim leaders in greater depth. Poland (23 percent), Portugal (22 percent), and France (18 percent) had the highest participation rates among women interims in Europe. Germany, Italy, Spain, and Switzerland all recorded lower levels of under 10 percent, while the UK reported 13 percent.
Interim managers have a lot of experience working as temporary leaders. The typical interim experience was almost eight years. Interims' experiences differed by country, reflecting the profession's maturity in different markets. Interims from the United Kingdom had the most experience, with an average of 10.5 years, followed by Liechtenstein and Switzerland. Interims in Poland, Spain, Portugal, and (surprise) France had the least experience, all with less than seven years. Even so, that's a significant amount of average experience.
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