Friday, July 7th, 2017
Hunt Scanlon Media, a leader in human capital sector information, recently covered the trend for interim executive staffing and why it’s a valuable game changer.
Overseas, hiring interim talent for short term leadership needs has been a compelling option for companies for years. According to recruiters who specialize in the space, interim recruiting is big business – and getting bigger. It generates around $2 billion annually in just the U.K. alone.
British search out fit Norman Broadbentwhich recently raised $3 million to expand its interim business, offers clients the ability to fill talent gaps with high-caliber executives and provide opportunities for workers who seek to utilize various skills, build relationships with different organizations, and explore career options. It’s been a win-win proposition for years for the firm, which now plans to expand the service.
Conrad Lee, of U.S.-based Patina Solutions, said interim opportunities in Europe are favorable for senior executives. “Here in the U.S. the employment-at-will doctrine is prevalent,” said Mr. Lee. “But the new and growing on-demand work environment in America is opening up the interim business more broadly to U.S.-based companies seeking the temporary talent alternative.”
”Expectations are that in the next five to 10 years, the interim business in the U.S. could shatter the staid, full-time recruiting platforms of leading U.S. search brands, he said. “This is clearly a market sector that is worth investing in” said Mr. Lee.
Patina Solutions is hosting a one-hour webinar providing insights and lessons from four US-based manufacturers.
StevenDouglas a top boutique search and interim firm in the U.S., maintains a large interim business in the U.K. “We realized about 10 years ago we were turning away a lot of business,” said StevenDouglas chairman and CEO Steven Sadaka. Of the $43 million in revenue his firm took in last year, over $34 million was derived from its interim division.