Interim and transformation executives cover 82 per cent of the globe
-WIL Group survey highlights business transformation trends in a changing world-
Business transformation is a global phenomenon, and this is confirmed by the findings in the Worldwide Interim Management and Leadership Group (WIL Group) 2017 survey. The research highlights that interim and transformation executives have worked on assignments covering 82 per cent of the globe.
The survey also highlights the fact that Germany ranks as the number one location for assignments outside of the interim executive’s home country at 30 per cent, closely followed by the UK at 27.5 per cent.
The survey findings indicate that this pool of executives have completed an average of four transformation assignments. They operate at the top levels of an organisation and fit into two categories – 38 per cent as CEO or CFO, and a quarter (25 per cent) on change and transformation roles involving project and programme management, restructuring and turnaround. This compared with 23 per cent in the same survey carried out in 2016.
More than half (57 per cent) have gained a master’s degree or equivalent. When asked about their estimated return on investment (ROI) from their last completed assignment, 80 per cent of the executives claimed this would be three times or higher.
When asked the reasons why companies chose to work with them as opposed to seeking local expertise, 30 per cent of the business leaders alluded to their track record, and 27 per cent advised that companies could not source their skills locally.
The research also showed that a broad range of industries utilise interim and transformation leaders globally, but that it is dominated by the manufacturing and industrial sector – standing at more than one third (35 per cent) of all assignments, compared with 38 per cent in the 2016 survey.
40 per cent of those surveyed advised that they have worked on assignments with an international dimension. And more than a third (36 per cent) believe that the number of international opportunities available to them over the next year will increase. Nearly two thirds (63 per cent) of all international assignments last for seven or more months.
Jason Atkinson, director of the WIL Group, said: “This pool of talented executives bring fresh thinking and new perspectives to global organisations. We live in a rapidly evolving world, and I believe the opportunities for top level transformation and interim executives will become far greater as multinational corporations look for opportunities in growth markets.
“It is interesting to see the high use of interim executives across Germany and the UK – a trend that we believe is set to continue. ”
Commenting on the findings, Christophe Bellynck, Corporate Development Director at Veolia, said: “There is no normal anymore. The world has changed so dramatically and will change again. That is why you need people who can create and deliver new visions.”
The booklet accompanying the survey can be downloaded from The WIL Group website: https://wilgroup.net/.