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Singapore - Survey finds 92% of execs to work with interim managers

29 August 2016

A new survey by Robert Half International Inc. (NYSE: RHI) Found that 92% of CFOs and finance directors said they would work with an experienced interim manager this year. The survey included 100 Singaporean CFOs and finance directors.

Demand for financial interim managers is strongest for project management with 53% citing this as a need and business transformation, with 47% citing that as a need. Other initiatives prompting the employment of interim managers include business continuity, 42%; management and leadership enhancement 39% and change management, 26%.

“Singaporean companies – from small to large – are increasingly attracted to and reliant on a flexible resourcing policy, which they achieve through a combination of permanent and temporary employees with the right mix of skills,” said David Jones, senior managing director, Robert Half Asia Pacific. “The days of interim consultants solely being viewed as crisis managers are over. They have become a catalyst to drive change and profitability. Many companies are hiring flexible resources who, as an external expert with an objective view, can re-evaluate the challenges and growing pains within the company, implement the required changes and provide alternate perspectives for growth and expansion,” said David Jones.

Interim managers are rated highly by finance leaders for both efficiency, with 79% indicating that is the case, and cost effectiveness, with 85% indicating so.

More than half, 57%, of CFOs and finance directors say the success of interim managers is evaluated through increased efficiency or performance, 50% refer to cost savings and 31% identified continued involvement and a hands-on approach as the key metric.

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