Germany’s demand for interim managers continues to increase
Ricky Stewart from Management Angels discusses the ‘rare but growing breed’ of top level executives
Increasing numbers of German companies are beginning to utilise interim management services, witnessing the added value that it can bring, and this is resulting in an increased demand for these top level executives.
According to the industry association, Dachgesellschaft Deutsches Interim Management (DDIM), the number of interim managers working at the top level, or with dedicated project management functions is expected to rise almost 7 per cent to approximately 8000 on assignment during 2017.
Given that medium-sized companies continue to form the backbone of the German economy, it comes as no surprise that the prevailing demand for interim managers comes from this sector.
For the MAGNALIA Group – Management Angels in Germany and GroNova in Switzerland – we are witnessing real interest from the following vertical markets:
- Plant management and engineering for automotive suppliers
- General management
- Project management, process optimization and SCM
Equally, the digitalisation of nearly all business models is driving the demand for qualified Interim Managers. Our own estimates indicate that nearly one third of all mid-sized companies do not have a digital strategy yet. However, digitalization of business models and the associated processes is a matter of survival.
Developing and implementing a digital strategy is just half the story. Internal communication and getting the support of the staff for the strategy is equally important as well. And expertise in change management is absolutely mandatory for these projects to succeed.
Furthermore, the demographic change in Germany as well as in Switzerland makes it increasingly difficult for companies to find the right people to hire. Interim management is powerful enough to bridge the vacancies and reduce the pressure on the entire organisation, especially for the HR function.
We anticipate this to all remain the status quo and these market developments to continue well into 2018 and beyond. Interim managers are a rare but growing breed, and their value cannot be underestimated.