Is a recession a good time for interim managers and management consultants?
High-end interim managers and management consultants thrive in economic downturns. Many interim management appointments are for company turnaround work and clearly in a recession this is in demand. Many companies finding it tough in a recession might not necessarily need a turnaround specialist or company doctor however maybe they do need to appoint an interim manager or consultant before committing to a permanent position. In economically challenging times short term contracts make a lot of sense. So, many interim managers are benefiting from these troubled times; indeed a lot of interim management agencies and recruitment consultants will tell prospective candidates “trade is brisk – come onto our books, we have lots of jobs.” That may be true but it’s not all good news. There are now more and more interim managers and management consultants who didn’t choose the independent route – they just found themselves on the scrap heap due to redundancy or even old age (over 40?!) As more and
