Many people are concerned that the credit crunch and dramatic changes in fuel costs would have an immediate adverse effect on the number of interim assignments, and consequently the day rates interim managers could expect to achieve. However, all indications thus far would indicate that the market for interim managers is still buoyant and client organisations’ confidence in using professional interim managers has not wavered as the added value benefit of using an interim manager outstrips the cost.
Many organisations have gone back to interim management providers in recent weeks wanting to extend the duration of contracts with their interim managers. Long may it continue for all parties concerned?
On a more cautious note, it would be sensible at the moment for interim managers to speak with their clients and interim management providers slightly earlier than they normally would as they are coming to the end of their assignments regarding looking for other opportunities, additional objectives etc. This is because at some point the difficult trading conditions may bite leaving the supply of interims outstripping demand. Of course when one door closes another opens, some interim managers, particularly those engaged in business recovery and turnaround may find work in plentiful supply whilst other generalists may find project work drying up. Be sensible and plan ahead now.
Read the original article on Paul Wilson's blog at http://www.aster-interim.co.uk/blog/2008/06/days-rates-holding-up.html