WHAT IS THE TRUE COST OF HIRING AN INTERIM?

Interim was started in Holland in the 1970’s as a way of injecting much needed flexibility into the market place. Canada is encountering similar issues in the employment market place that Holland saw. Slowly but surely the marketplace is transitioning from being run by the employers to being run by the employees. The main impact is Canada’s greying population. The average baby boom age is 55. They have raised their families and are thinking about retirement. Employers are seeing an average of twelve months and sometimes 18 months to find qualified senior executives. Manpower’s seventh annual “Talent Shortage Survey” found that 25% of Canadian employers are having trouble finding workers with the global average being 34%. The survey uses information from more than 38,000 employers around the world, including 1,000 in Canada. The first survey in 2006 found that 66% of Canadian employers had difficulty finding staff. This number was indicative of the high flying economic times in 2006 and 2007 which prompted companies to expand and compete for workers. All expectations are for the number of employers having trouble finding employees to continue to rise over the coming years as baby boomers enter into retirement. Productivity in Canada continues to be average. Canada ranks 14th on Wikipedia’s list of countries by GDP (PPP) per hour worked. All these indicators point to the need for greater flexibility in the market place similar to the situation in Holland in the 1970’s. Interim is one solution, but is it a costly solution?

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