3 Methodology and Sample This report presents the findings of the first of four waves in 2013 of the IMA (Interim Management Association) Membership Audit.The study, now in its 8th year, has been carried out from 2006 on a quarterly basis.IMA members participated in an online survey entering data for each assignment completed between 1st January and 31st MarchThis report is based upon findings from the 22 participating members of the IMA.Fieldwork was carried out between April and May 2013.
5 2013 at a glanceQ1 2013Q2 2013Q3 2013Q4 2013IMA Members completing the survey22-Cumulated turnover (millions)£32.6Average margin against revenue16%Completed assignments333New assignments started377NET started - completed+44Average length (billable days)130
6 Number of completed assignments In the first quarter of 2013, the 22 participating IMA members completed a total of 333 interim assignments, down 3% from the last quarter of The average number of assignments completed per member was 15, slightly down from Q when the average per company was 16. This quarter there has been decline across all metrics.The average number of assignments in progress per member has marginally declined – the average this quarter is 67, down from 68 last quarter. However, assignments in progress continue to increase compared to last year.The overall number of new assignments started in this quarter (377) is down 1% from Q (382). The average number of new assignments marginally increased per member this quarter and is now 19. The net difference between new assignments started (377) and completed (333) in this last quarter remains positive at +44.As of 31st March 2013, the 22 participating IMA members had a total of 1,432 assignments in progress. The highest number of interim managers on assignment on 31st March 2013 from one member was 235.The average length of assignments has dropped this quarter from 177 to 130 days.The share of Female interim executives has increased to over a quarter (28%), with the proportion of male interim executives declining 4 percentage points to 72%.
7 Number of assignments completed in the quarter How many interim management assignments were completed by your company between 1st January and 31st March 2013?26 or moreHighest number of completed assignments by one member = 691-521-25Total number of completed assignments by all members = 33316-206-1011-15Base: IMA Members completing the survey (22)
8 Number of completed assignments Trend data Average number of Interim management assignments completed per member in each quarterNumber of assignments(actual numbers)Base: IMA Members completing the survey each wave
9 Number of assignments in progress in the quarter How many interim managers did you have on assignment on 31st March 2013Highest number of interim managers on assignment on 31st March = 235100 +1-1011-20Total number of assignments in progress by all members = 1,43251-10021-3031-4041-50Base: IMA Members completing the survey (22)
10 Number of assignments in progress Trend data Average number of interim managers on assignment per member at the end of each quarterNumber of assignments(actual numbers)Base: IMA Members completing the survey each wave
11 Number of new assignments started in the quarter How many new assignments started between 1st January and 31st March 2013?51+Highest number of assignments started this quarter = 8531-40Total number of assignments started this quarter = 3771-1021-3011-20Base: IMA Members completing the survey (22)
12 Number new assignments Trend data Average number of new assignments started per member in each quarterNumber of assignments(actual numbers)Base: IMA Members completing the survey each wave
13 Length of assignmentsWhat was the length of each assignment in billable days?Over 360 daysdaysdays60 days or lessdaysAverage 130 daysdaysdaysBase: All assignments completed in Q (333)
14 Length of assignments trend data Average length of assignments in billable days each quarterBillable daysBase: Interim assignments completed in each wave
15 Male and female share Is the interim executive male or female? Female %FemaleMaleBase: All assignments completed in Q (333)
16 Public sector vs. private sector The private sector accounted for 57% of all completed assignments in Q1 2013, down 15 percentage points from the all-time high of 72% last quarter. The private sector has fallen considerably from the last 2 waves back down to the level seen one year earlier – although this could be due to the layout change of the question.The Banking & Finance sector continues to lead the IMA business, with (32%) of all private assignments.The other leading sectors are Chemical/Biotech/Pharma with 8%, Manufacturing with 8% and Business services with a 7% share.The public sector business is dominated by Local Government with 34% of all public sector assignments carried out in this area. The next biggest public sector types by size are Central Government(generic) and the Health sector. Both increased shares with Central Government(generic) rising 5 percentage points from last quarter - 17% (in Q4 2012) to 22% this quarter and Health sector rising 6 percentage points – 16% (in Q4 2012) also to 22%
17 Private sector vs. public sector Q Were they working in the public or private sector?%Public sectorPrivate sectorBase: All assignments completed in Q (333)
18 Private sector Which specific industry within the private sector? Top mentionsBase: All assignments completed in Q in the private sector (189)
19 Public sector Which specific industry within the public sector? All mentionsBase: All assignments completed in Q in the public sector (144)
20 Job function, reason for assignment 29% of requested assignment functions in this quarter were for Special Projects, down 1 percentage point from Q (30%). This is followed by Finance with 15%, down 3 percentage points from Q (18%).The main reason for an assignment remains Programme/Project Management, with well over half (63%) of all interim executives hired for this purpose (up 23 percentage points from 40% in QThe next most frequent reasons are Gap Management (23%), up 8 percentage points from 15% in Q4 2012, and Turnaround/Crisis Management with 4%. However, this quarter Mergers & Acquisitions (1%) has declined 7 percentage points from 8% in Q
21 Job function performed What job function did the executive perform?Top mentionsBase: All assignments completed in Q (333)
22 Reason for assignments What was the reason for this assignment?All mentionsBase: All assignments completed in Q (333)
23 Location of assignments Where was the interim executive predominantly based for this assignment?Q3 2012U.K.326Outside the U.K.-Western Europe5Central/Eastern EuropeCentral/South AmericaUSA/Canada1AfricaMiddle EastIndia /Asian subcontinentAsia and the Far EastBase: All assignments completed in Q (333)Base: 358 Assignments(*percentage smaller than 0.5%)
25 EnquiriesAn ‘enquiry’ is defined as any contact for an assignment which led to a meeting with a prospective client and putting a shortlist forward.The average number of enquiries received by each provider involved this quarter is 95, markedly higher than the previous quarter and at the highest level seen so far in the course of the survey.The majority of enquiries came from the private sector (75%), up from 64% last quarter, with a private to public sector ratio of 3:1 compared with less than 2:1 for the previous 3 quarters.
26 Number of enquiries received General trend data How many enquiries for assignments did your company receive in each quarter?No. of enquiriesBase: All receiving enquiries in each quarter
27 Enquiries in the private and public sectors What percentage of these enquiries came from the public and private sectors?%Private sectorPublic sectorBase: All enquiries received in each waveBase: All receiving enquiries