At Ccentric, sourcing candidates for executive leadership positions has always been our focus, under our CcInterim brand we are committed to applying the same principles of our executive search business to our interim management/locum services.
Many businesses understand the value of having additional resources during periods of change, extended leave, or when specialist expertise is needed to undertake specific short-term projects. We have had the pleasure of placing a range of interim management positions including Chief Executive Officer, Chief Financial Officer, Executive Director of Human Resources, Executive Director of Medical Services as well as a number of other corporate and clinical leadership positions.
To ensure we are focusing on the needs of the market, we continually conduct research into why candidates choose to take on an interim role. We were recently able to speak to several of our placed candidates who shared their experience of interim positions (here). However, we also have been conducting research across a wide range of industries to establish why people are choosing interim work, and the trends since we last conducted this research in 2015.
One trend we are seeing is the age spread changing of those interested in interim positions, or those currently in an interim position. Our results from our research in 2015 showed that the percentage of those under 45 years was 14.74%, 46-55 years was 35.48%, 56-65 years was 40.55% and those over 66 years was 9.22%. Based on our current survey of 116 people, under 45 interested in interim positions is only 7.14%; with 46-55 years at 25.57%; 46-65 years at 54.06% and those over 66 years is 10.20%.
The industries interim candidates are working in also appears to be changing. In 2015, 94.9% of people were working in the healthcare sector (including public, private and not-for-profit groups) whilst 5.1% were working in the life sciences sector. Today, whilst the percentage of those working in healthcare has not dropped significantly (now at 93.55%) there has been a shift towards interim positions within academia (now at 4.61%, previously 0%) and only 1.84% in life sciences.
In response to the key drivers to undertake interim work, the desire to achieve good work life balance came out on top along with the opportunity to gain exposure to different environments and knowledge sets.
As trends continue to show strong growth in interim management, we will continue to support our candidates and clients through CcInterim.
Our current interim survey will close on June 7th, after which the full results of the survey will be available on our website. If you wish to complete the survey please click here.