Released on: July 29, 2008, 6:46 am

Press Release Author: media jems

Industry: Retail

Press Release Summary: The people who haven\'t been affected by the credit crunch appear to be temps!

Press Release Body: With the credit crunch now starting to bite, many sectors are off-loading their IT staff at a rate of knots, particularly in the finance sectors. But according to Interim Management and Recruitment Specialist Phil Young, the winners at this time are more likely to be temporary staff, contractors and interims as companies try to \"avoid adding full time employees to the company balance sheet but still need the work doing\".
In a recent survey of specialist agencies conducted by Phil Young and his consultancy Johnson- Young Associates, many were seeing certain sectors slow down on recruiting whilst other sectors still remained buoyant. However because of the amount of people seeking work, Young suggests that it is becoming increasingly harder to filter out the good applicants for the positions on their books.
Young also suggests that head-hunters are finding this a hard time primarily because the people they call are very reluctant to leave what they perceive to be stable positions, and as a result, Interims are once again benefiting by backfilling those roles that are being recruited for.
\"What we tend to see at times of recession are companies flexing down the workforce to save money but they often flex too far and this then means that they do not have the resource to move the business forward, this is when the market for Interims picks up, once the companies have bottomed out and realise they need people\", suggests Young, a former leading UK CIO with over 25 business experience.
Young\'s report comes hot on the heels of recent news from AluimPartners which revealed that over 40% of the 1072 interim management executives they questioned had witnessed pressures of the credit crunch in their most recent client company.
\"It doesn\'t help that we are also now in \'holiday silly season\', at this time of year a lot of decision makers are either away from the office or are demob happy and therefore are holding off on recruitment decisions. But in general, after a short lull, this could be a very good time for Interims\" adds Young
Johnson-Young Associates Ltd provides consulting and troubleshooting services for SME\'s and larger organisations, with particular expertise in Interim IT management and provider of interim, contract and permanent staff. For more information visit www.j-ya.com
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