The INIMA Report 2024

European interim managers were highly active in 2023, continuing the saturation from the previous year with a stable high utilization (+69%) and a rise in the average day rate (+50€/999€). Providers across various European countries have also indicated a shortage of available interim managers.  Despite the busy market, the survey predicted a negative trend in business conditions in 2024.  The top five (5) actions foreseen  to beat the trend were:

1. Project Acquisition and Marketing: Acquiring mandates and improving marketing efforts to increase visibility and generate mandates.

2. Digitalization and AI Application: Building knowledge and experience in digital tools, AI, big data, and leveraging technologies like ChatGPT for optimizing processes.

3. Work-Life Balance: Balancing workload, health, and managing stress to ensure a healthy work-life balance for IM professionals.

4. Crisis & Risk Management: Handling economic volatility, managing risks, and addressing supply chain challenges while providing effective crisis management solutions.

5. Professional Development and Networking: Continuous learning, building knowledge management systems, expanding networks, and staying updated with industry trends such as AI and digitalization