New research suggests that interim management recruitment levels are likely to rise over the coming months as businesses seek out expert advice to help them outsource operations.
The study by specialist consultancy firm TPI found that total contract values (TCV) of outsourcing deals completed across Europe, the Middle East and Africa stood at USD5.2 billion for the third quarter of 2009.
Although this figure represents a 4% fall from the preceding three-month period and is 12% down when compared to the same period of 2008, many experts believe outsourcing deals are likely to pick up, in terms of both volume and value, before the end of the year and in the early part of 2010.
Duncan Aitchison, of TPI EMEA, is reported as saying the upturn is set to be largely driven by Europe, with business leaders likely to call upon interim managers experienced in handling outsourcing contracts as they look to take advantage of third party specialists.
He went on to say he was cautiously optimistic about the next six to nine months, based on significant activity in the industry's pipeline, particularly in the IT outsourcing arena, with much of it involving large-scale relationships.