News & Blog

Brexit - Impact on the Accounting Interim Market

  • May 26, 2016

Uncertainty in the market

There is also a lot of debate as to how this uncertainty before the EU Referendum is currently affecting the Accounting/Finance job market, and how it will in the future.

Whilst we expect jobs growth to continue overall, we are now seeing the affects of the current insecurity. There are predictions that Brexit could lead to a substantial loss in jobs, with companies now cost saving, and taking a longer length of time to deliberate over hires, all awaiting an indication of what will happen.

However, it is not all doom and gloom, particularly in the temporary job market.


Interim Management demand likely to increase

In that context, businesses are likely to delay decisions on permanent hires and take a shorter term 'wait and see' approach. That makes interim management an attractive option, as experienced professionals can come on board and keep critical initiatives going, but can be shed without financial consequence.

The fact that an accomplished interim is great value compared to a similarly or less experienced management consultant, and that most interims are flexible and open to rolling contracts, means that demand for interims is likely to increase in the run-up to 23rd June, and if the UK decides to exit the EU; well beyond.

As well as offering a variable overhead, interims offer the compelling benefit of being adept at navigating change and are an easy asset to any organisation undergoing transformation or adaptation to a new set of rules and processes.