One of the UK’s leading Interim Management providers has said that the interim market is now stabilising after earlier concerns over unemployment and a slowdown reported in temporary and contract roles.
Russam GMS ran their twice yearly survey last month, revealing a 5% growth in interim management activity between January and June. This was positive news as the same survey found a 6% decline in the last 6 months of 2011. The survey also reported that interims are being used more to provide specialist skills to businesses, rather than as ‘gap fillers’. Russam GMS Chairman Charles Russam commented;
“There is a positive mood in the market and a general view that volumes have started to increase. Businesses are using interims more strategically than ever – to plug skills gaps on a temporary basis, re-structure their business, to lead special projects, drive change programmes or lead business development.”
However, another survey from temporary and contractor recruitment agency Venn Group, has found that temporary vacancies in some sectors declined by 4% between the first and second quarters of this year. They reported that financial services, commerce and industry and the public sector contributed to the decline.
Despite this, Venn Group’s report said that temporary job levels are still significantly higher than 2011 levels. This was due to a huge increase of around 33% in temporary job availability between the back end of 2011 and the first quarter of this year. The director of Venn Group, Robert Bowyer, was fairly positive about the figures saying; “While there is no doubt that the employment market is experiencing turbulent times, in the second quarter of 2012 the temporary market appears to be faring very well.”
ICS are one of the leading contractor accountants and administration companies and have helped thousands of contractors working in a range of industry sectors. You can contact us now for a tailored proposal based on your individual circumstances as a contractor.
