Institute of Interim Management Rankings

Practicus Hits Top 5 of the IIM Survey for the 7th Year Straight!

*26/03/2024 Edit: We no longer feel comfortable promoting the Institute of Interim Management (IIM) rankings in its survey despite our consistent high placing – find out why

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We are extremely thrilled and honoured to announce that Practicus has achieved another milestone! Once again, we’ve made it to the Top 5 of the Institute of Interim Management (IIM) Survey. And not just for the first, second or third year but for the seventh consecutive year!

Institute of interim management survey 2023

We are pleased to share with you that Practicus has once again secured a position in the Top 5 of the Institute of Interim Management (IIM) Survey. This marks the seventh consecutive year that we’ve achieved this rank, something we see as a reflection of our team’s diligent efforts and commitment to excellence in interim management.

The IIM Survey is a well-regarded and comprehensive assessment within our industry, taking into account the views of interim managers and independent professionals in the interim management sector. Our continued presence in the Top 5 underscores our dedication to providing valuable service to our clients and contributing to the evolution and advancement of the interim management sector.

This recognition is not ours alone; it’s a testament to the strong relationships we’ve built with interim professionals and clients, and the faith we have in each others capabilities. Your ongoing support inspires us to consistently strive for improvement and innovation in our work.

We also wish to express our sincere appreciation to our committed team. Your exceptional expertise, dedication, and drive for success play an essential role in attaining this recognition. This achievement belongs to all of us.

Looking forward, we remain resolute in our commitment to uphold our standards of service, foster innovation and continue contributing positively to the interim management landscape. While we are certainly proud of this recognition, we recognise that there is always room for improvement and growth.

Thank you all for your continued support and for being an integral part of our journey. This recognition is a testament to our collective achievements. Here’s to further growth, innovation and shared success in the years ahead.

To find out more about Practicus’s interim management services, please visit our page: interim management

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Practicus Institute of Interim Management Survey positions

Leading Equality, Diversity & Inclusion (EDI) in interim management

Find out more about Practicus’s Equality, Diversity and Inclusiveness approach:

Further Interim management resources:

• Executive interim management
• What is an interim manager?
• Interim manager meaning
• What is an interim manager role?
• What benefits interim manager?
• ROI of an interim manager
• Interim Management Client Guide
• Interim Management Candidate Guide
• Interim management in a time of COVID-19
• IR35, what it means for Interim Managers

Institute of interim management survey

The Institute of Interim Management (IIM) Survey serves as a crucial mechanism that the IIM employs to gain understanding of the interim management industry. This annual survey is well-respected and broadly used to assess the contemporary state of the sector.

Here’s a brief summary of the IIM survey:

Who participates? Typically, the survey engages a variety of participants, including interim managers, independent professionals within the interim management field, and providers of interim services. This wide respondent base ensures a comprehensive perspective of the industry.

What is covered? The survey usually examines various facets of interim management, such as rates of remuneration, durations of assignments, sectors in demand, types of roles undertaken by interim managers, and key challenges faced by the sector.

Provider rankings? A key aspect of the survey is the ranking of interim service providers. These rankings are derived from the responses of interim managers who have had direct interaction with these providers. The rankings offer valuable insights into the performance of service providers within the sector, aiding interim managers in making informed decisions regarding which providers to collaborate with.

The findings of the survey are circulated and hold a significant impact on the interim management industry. They guide best practices, steer the efforts of service providers, and can influence the strategic direction of the IIM itself.

In essence, the IIM survey is an invaluable resource for the interim management industry, providing an annual snapshot of current trends, challenges, and performance within the sector.

What is the institute of interim management IIM?

The Institute of Interim Management (IIM) is a professional membership organisation based in the United Kingdom. It was established in 2001 with the aim of promoting excellence in the practice of interim management. Interim management typically involves experienced professionals being hired on a temporary basis to solve specific business problems, implement change or fill temporary leadership roles in an organisation.

The IIM serves to support interim managers and executives, uphold industry standards, and advocate for best practices within the field. It also provides resources and networking opportunities for its members. Furthermore, the IIM conducts an annual survey, often cited as one of the most comprehensive evaluations of service providers in the interim management sector. This survey rates individual interim management recruitment consultants as well as provider companies based on the opinions of interim managers themselves, offering valuable insights into the industry’s trends and developments.

Institute of interim management UK

In the UK specifically, the Institute of Interim Management (IIM) carries out a variety of key activities to support and represent the interim management industry:

Setting Industry Standards: The IIM works to define and uphold the professional standards for interim management. By doing so, it helps to ensure the integrity and professionalism of interim management services in the UK.

Conducting Industry Surveys: The IIM conducts an annual survey in which it rates the performance of interim service providers and individual interim managers. This survey provides valuable insights into the trends and developments in the UK interim management market.

Providing Resources: The IIM offers a range of resources, including best practice guides, professional development opportunities, and networking events. These resources are aimed at helping interim managers enhance their skills, expand their networks, and keep up-to-date with industry changes.

Advocacy: The IIM represents the interests of the interim management profession to government bodies, policy makers, and the broader business community in the UK. It strives to ensure that interim management is recognised and valued as a professional discipline.

Networking and Community: The IIM fosters a community of interim managers by hosting events and online forums where members can connect, share experiences, and learn from each other. This sense of community helps to strengthen the profession and enables interim managers to provide the best possible service to their clients.

Promoting the Value of Interim Management: The IIM works to increase the understanding and recognition of interim management in the UK business community. By demonstrating the value that interim managers can bring to organisations, the IIM helps to expand opportunities for its members.

These activities help to enhance the professional status of interim managers in the UK, support the development of the interim management profession, and ensure that interim managers can effectively meet the needs of UK businesses.

Institute of interim management internationally

the Institute of Interim Management (IIM) is primarily focused on the UK market, given its origins and the significant portion of its membership that is based there. However, the organisation does have an influence that extends beyond the UK.

It collaborates with and associates with leading Institutes, Associations, Societies and professional bodies operating in Interim management internationally. In particular, its reciprocal relationships include:

The International Network of Interim Manager Associations (INIMA) is an international network that aims to promote professional interim management through its member organizations. Such networks often enable the exchange of information, resources, and support between interim management associations in different countries.

The Australasian Interim Executive Association (AIEA) is a professional body supporting interim managers and executives in Australia and New Zealand. It serves as a networking platform, provides professional development resources, and connects interim executives with businesses requiring their expertise. By advocating for the profession, the AIEA promotes the benefits of interim management to the broader Australasian business community.

The Association of Interim Execs is a professional organisation dedicated to the advocacy and support of interim executives worldwide. Its mission is to connect businesses with highly qualified interim executives who can provide leadership during periods of transition, lead strategic initiatives, or navigate through critical challenges. The association promotes the value of interim management, offers resources for professional development, and serves as a network for interim executives to share knowledge and experiences.

Institute of interim managers

The fact that the Institute of Interim Management (IIM) is run for and by interim managers holds significant importance, due to the following reasons:

Comprehending Industry Requirements: As active interim managers are at the helm of the IIM, they possess firsthand awareness of the unique challenges and opportunities in the profession. This perspective allows the IIM to cater effectively to the specific needs of interim managers, be it in the realm of professional development, resources, or industry advocacy.

Genuine Representation: When an organisation is steered by those it represents, it can champion their cause more effectively. The IIM can authentically represent the interests and viewpoints of interim managers in discussions with policymakers, regulators, and other industry stakeholders.

Industry Standards and Best Practices: With the IIM leadership being seasoned interim managers, they have the necessary expertise to establish and maintain industry standards and best practices. They comprehend the practical aspects of the job and can offer pertinent guidance to members.

Peer Networking and Support: An organisation managed by interim managers can cultivate a robust sense of community amongst its members. It can provide networking opportunities and peer support, fostering collaboration and collective learning within the profession.

Credibility and Trust: An organisation directed by interim managers can command greater credibility with both its members and the broader business community. This can aid in building trust and respect for the profession.

In summary, an organisation such as the IIM, being managed for and by interim managers, is excellently positioned to understand, represent, and effectively respond to the needs of the interim management profession. This, in turn, enhances the value and impact of the services that interim managers offer to businesses and other organisations.

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