Our Procurement & Supply Chain Interim team look at what the
sector experienced towards the end of 2016 and share their views on the
recruitment landscape for 2017 so far.
Q4 brought an
interesting end to 2016. Many Interim professionals wound down as the end of
the year drew closer and projects came to an end. Across both the construction
sector and financial services, this led to a number of seasoned interims
seeking their next project, and consequently an exciting start to 2017! We
have been dealing with an extremely competitive candidate market due to the
number of experienced and skilled specialists immediately available for work.
However, there is a slower turnover in requirements for staff, and therefore
a new trend has emerged where interims are willing to take a cut in their
daily rates in order to secure contracts. We are not concerned though – this
is always changing and we are hopeful that rates will start to rise over
the next few months.
“We have been dealing with
an extremely competitive market for candidates due to the number of experienced
and skilled specialists immediately available for
Approaching the end of 2016, it seemed
some organisations did not have as much interim work as experienced in
previous months. Not surprisingly, hiring managers were reluctant to approve
new projects to enable them to stay in line with their 2016 budget. As seen
in previous years, the contracts released to the market were mainly for
Technology Procurement Specialists, particularly within the Banking sector.
Our regular clients predict expansion across
their procurement divisions during 2017. They have expressed a need for an
instant impact for their teams, and therefore this should lead to a significant
increase in requirements over the coming months.
“Our regular clients predict expansion across their
procurement divisions during 2017.”
last few months of 2016 we worked in partnership with a new client in the
financial services sector. The business needed a new Head of Procurement, and
we successfully introduced them to a candidate for their global financial
services organisation. This role required working alongside the Financial
Director in preparation for a separation in the business, midway through the
year. As well as this being a new client for the procurement team, the
successful candidate was also taking their first steps into the interim
We have continued our regular work with long-standing clients
in the legal and construction sectors and introduced an IT Procurement
Manager and Senior Buyer on long-term contracts stretching into the back-end
As ever, we are keen to speak to existing and new Interim
consultants in order to gather their thoughts on the market and industry,
especially with regards to the significant new IR35 legislation due to be
implemented in the next few months.