- Executive Grapevine
Welcome to the 2020 Executive Grapevine Interim Guide which Oliver Sanderson is proud to sponsor.
The interim job market is in for an interesting year. The UK is set to leave the EU at the end of January and IR35 regulations come into force in the private sector in April. Either by itself would be cause for concern, but both occurring within months of each other inevitably means that the market is in for a bumpy ride until the ramifications of both become clear.
Brexit first. Recent noise from the UK government about moving away from EU rules and regulations could be a cause for concern. However, in order to navigate through these uncertain times with minimal stress we need to embrace the change, adhere to new government legislation and most importantly, work together to forge a positive path into this new era for the country.
IR35 will impact differently, mainly due to the new parameters around assessing which interim specialists are subject to the regulations.
But even with seismic events like Brexit and IR35, at Oliver Sanderson we strongly believe that there will always be a need for a flexible marketplace and interim specialists, pending disruption to the economy may actually increase this need.
We pride ourselves on being at the forefront of interim recruitment – our knowledge of the marketplace and our understanding of the pending regulatory change ideally positions us to advise on and mitigate the impacts for interim specialists and firms alike.
As ever, the key to navigating change is market knowledge, the need to be adaptable, and good partners that can help with both.
What are the benefits of hiring interim?
It’s a year of great change, uncertainty and risk. But what does this mean for the interim market and what are the benefits of hiring an interim versus making a full-time hire?
Starting with the obvious, in times of uncertainty organisations look to reduce costs. As a result, there’s noticeably less appetite to take on full time employees. Why employ a full-time employee when the situation ahead is unknown and far from clear? What happens if the situation deteriorates? As always though, there’s a corresponding uplift. Uncertain times for full time hires are a boon for interim specialists as they are ideally placed to provide short term solutions for projects that have already been commissioned and that need to be delivered. In this scenario hiring interims enables delivery to continue at a reduced cost in the short term.
Consider also the total amount of time that it can take from meeting a prospective full time hire to them starting their position if it is offered, six months is not unusual. A lot can happen in that space of time, one only has to look back at the past few years to see what’s changed in terms of the geopolitical landscape, radically in some cases. In times of risk, hiring interim specialists provides companies with the required immediate support to maintain their operations.
Immediate availability and timely support are two of the key benefits with regards to hiring interim specialists. However, within these two benefits lies a third. Not only can interim specialists start almost immediately, it’s what they start with that is of huge benefit to employers — specialist knowledge. This means that they can hit the ground running with immediate impact.
At Oliver Sanderson we believe that there will always be a need for a flexible marketplace and interim specialists, even more so in times of change and uncertainty, and we pride ourselves on being at the forefront of interim recruitment.
Find out more about how Oliver Sanderson can support your interim talent strategy at www.oliversanderson.com or email interims@oliversanderson.com or call 0844 567 5627 or call 07514 800 090.