Outlook improving but still uncertain for HR managers
Gordon Whyte of interim provider Archer Mathieson has published one of the most honest and comprehensive HR market summaries that we have seen in recent months, for the website HRZone.
Several enlightening points come from Gordon’s report. Referencing the Institute of Interim Management’s annual survey which was published back in July, he reports that the HR sector is still the largest user of interims across all sectors, and encouragingly, that day rates for HR professionals are on the up.
The figures reflect the HR industry’s ‘resilience’, resulting from the fact that HR is about gaining maximum value from a company’s employees, something which every firm needs to succeed in to survive in today’s competitive markets.
HR professionals are particularly being used for their skills as ‘change navigators’, a concept which is essential to changing industries such as the financial services sector.
This, however, means that interims that specialise only in employee relations are not enjoying as much success as their counterparts with significant experience in managing large HR transformations.
In summary, Gordon reports that assignments in this sector have ‘picked up strongly’ in Q2, and states that the financial services sector will be pivotal in determining the next few months’ outlook for interim HR professionals.
Read the full article at HRZone.