Christine de Largy's Journal

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Christine de Largy
Managing Director, Impact Executives

Global Interim Management provider
christine.delargy@impactexecutives.com
+44 (0)20 7314 2003

Never mind job cuts - Good news for Interim Managers, an increasing proportion of British bosses are showing themselves the door!

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In these tough economic times, you'd think people would be more determined than ever to cling on to their jobs. But an annual survey from the Chartered Management Institute has revealed that the number of managerial resignations actually increased last year. According to its 2010 National Management Salary Survey, resignations were at 4.7%, up from 4.5%, while the labour turnover rate jumped from 12.4% to 13.6%. Despite the economy being about as fertile as the moon, people are clearly still prepared to jack in their job in the hope of finding something better.

So what's going on? It seems the recession may have encouraged people to jump ship as opposed to clinging onto its railings. Indeed, more than half the employers questioned admitted that recent restructuring and job insecurity had caused people to go.

However, it sounds as though managers could be doing more to stop it. For 38.5% of employers, their 'failure to offer career opportunities and training' contributed to people leaving, while 61.5% admitted that head-hunters and recruitment consultants had worked their black magic in luring people away. Surely if things were being run correctly on the inside, then these calls to go elsewhere wouldn't have quite the same appeal?

The survey also revealed that there are still plenty of opportunities going begging. Some 46% of employers admitted to having vacancies they can't fill. This seems crazy given the above, and the fact that unemployment stands at 2.47million. By way of explanation, 77% of employers blame a lack of specialist skills among candidates. Perhaps what we need is a UK skills star.

But this is good news for Interim Managers because clients are telling us they cannot find the permanent talent, the best are still keeping their heads below the parapet and from past experience there is always a recruitment boom, post every election. We certainly hope that this May it will not be different! So what is the solution? It's obvious - employ more Interim Managers!

Need one? Call 0207 314 2011



Thank you to Management Today, for some inspiration and statistics

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About this Entry

This page contains a single entry by Clive Sexton published on March 3, 2010 11:27 AM.

Lord Digby Jones shares his thoughts on the economy and interim management. was the previous entry in this blog.

Career Crunch...the 25 year career vs. the 100-year life!! is the next entry in this blog.

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