Watermark is proud to produce Australia’s pre-eminent data on the interim executive marketplace for the ninth consecutive year. Our clients state this information is a key tool to help inform decisions about executive talent requirements.
The trend continues where organisations are accessing talent in a more fluid and agile manner. They are seeing value in ‘borrowing’ talent rather than always ‘buying’ talent. They are accessing, or ‘borrowing’, this talent for two key reasons: 1) to deliver on projects and 2) when there is a gap in a business-critical role.
Five emerging disruptors driving demand functions:
This year the survey provided evidence that while change and transformation were the key imperatives for engaging an interim, the cause of the disruption has shifted:
Key findings of 2019 (for more detailed information review pg 3 of report).
– Portfolio professionals; their time is now
– Competition heightened in the Executive Gig Market
– Macro forces influencing shift to Interim Executives
– Augmenting Internal Succession Planning
Key survey statistics
– More women are engaging in a portfolio career (increase of 5% to 30% of respondents being female).
– The 50-59 age group continues to be the largest cohort at 56%.
– 72% of respondents prefer interim work to a permanent role.
– Busiest sectors for interim executives are non-for-profit, government and Financial services.
– While people choose interim as they value the variety and flexibility (55% each respectively), we have seen a 16% growth in respondents confirming that they intentionally select a ‘portfolio career’, over 50% of people we engage with, choose interim as their ‘plan A’.
– The largest functional demand area for interims is Chief Transformation/Change Director (55%) followed by COO (40%) and CEO & CFO (both 31%).
If you would like further information or to arrange further commentary, please contact Corinne Hutchins on 02 8296 5303
or email firstname.lastname@example.org