CFOs have increased their use of interim and temporary staff, showing the continued necessity UK businesses have to engage temporary resource to help augment permanent headcount, according to new research by Robert Half UK.
Publishing its findings earlier this week, the recruitment specialist firm noted that 31 per cent of finance chiefs out of 200 it had surveyed, indicated either a significant or marginal preference for more interim staff, compared to three years ago. Furthermore, Robert Half found that despite continued regulatory change, organisations across the UK are increasingly reliant on agency workers to carry out business critical processes.
Its research also suggested that finance bosses across SMEs have increased their levels of temporary and interim staffing levels form from one in five (18 per cent) departmental employees before the onset of the regulations to one in four (26 per cent) more than a year after its inception.
The highest use of temporary workers is within the smallest companies by revenue, where nearly one third (30 per cent) of departments are comprised of temporary or interim staff.
Phil Sheridan, managing director, Robert Half UK said, "Despite regulatory changes, finance leaders continue to rely on the cost effectiveness that temporary professionals offer an organisation, allowing companies to account for workload peaks and troughs without incurring the fixed cost of a permanent hire.
"With the challenging business environment amidst continued economic uncertainty, some hiring managers are taking advantage of the knowledge and skills that interim professionals can bring to a company’s bottom line," he added.
General operational accounting (24 per cent), IT – financial systems implementation and upgrades (20 percent), risk management (18 per cent), and audit, compliance and corporate governance (16 percent) are anticipated to be the areas where there will be the greatest use of temporary or interim finance and accounting professionals.