Is the Edinburgh market outpacing the UK recovery?

Will senior interim jobs play a large part in this revival?

Jonny Waugh, Associate Partner, Executive Interim, MM Search...

Both are still speculation, however, there are signs that there is growth of the Scottish labour market, with hiring activity pointing towards positive news in certain sectors of the economy. Plus, a recent survey compiled by IHS Markit for KPMG and the Recruitment & Employment Confederation, reported “accelerating growth in temporary billings, and the sharpest increase in overall vacancies since 2018”. While there is also an increase in permanent positions, we are continuing to witness a rise in demand for interim professionals at MM Search.

Edinburgh may indeed be the place we see it continue at its fastest pace. Recognised for certain sectors, Edinburgh lends itself to being a financial services hub with a draw for FMCG, Public Sector, Scottish Government, Fintech and other tech start-ups too. All of which are witnessing a stronger recovery than other Scottish and UK sectors.

A recent forecast from KMPG suggested that Scotland’s economic recovery from the pandemic over the next two years could outpace the UK average.

The Edinburgh market, due to its sector specialisms could indeed be best placed to see more of a demand in senior interims than elsewhere.

The past 12 months have also proved the worth of and the power that interim and contract workers can bring to a business. Senior professionals on an interim contract can help businesses lay the foundation of change while also bringing something new. Interims bring the firepower to see a business through to the next stage and the expertise to drive it forward in the short-term with a long-term viewpoint. All of which is needed during COVID-recovery for businesses.

Whether Scotland and Edinburgh specifically, will outpace the UK recovery is yet to be seen, however with the rise in senior interim professionals we are confident that the level of expertise that an interim can bring to an organisation will play a significant role in business recovery over the coming years.

MM Search supports businesses in their search for high-level contractors and interim positions, we scour the market and tap into our cohort of tried and tested senior executives who are much more than a safe pair of hands, they bring new viewpoints opportunities and instant support. We find the right people that will fit an organisation instantly. We are working with a mix of businesses who are seeing the benefits an interim can bring to their organisation, such as Windhoist, Zotefoams, KCA Deutag and Gordon Timber.