The global financial crisis in 2008 was shock to the system when it first hit home. In the Project, Programme and Change Management space we noticed that there was an instant withdrawal of large business wide initiatives by a number of clients unless they were absolutely necessary. Whilst some part of transformation and change pushed on there was widespread anxiety in the market place with the near collapse of some of largest banks in the UK.
It’s strange to think that some analysts are predicting that we are about to enter tougher economic conditions as 2011 draws to a conclusion and that the emergence from this state of depressed growth will take many years to reach the 2008 growth figures.
The reason this is so strange is largely down to buoyant market conditions and a continued need for strong interim resources despite all of the negative press. We have seen a number of organisations push ahead with vigour as they attempt to continue their transformation and change agendas (many of which were abandoned in 2008).
It’s fair to say that the PPM space has largely been recession proof over the last 3 years as organisations seek to gain competitive advantage at a time like this. Cost reduction and operational efficiency seem to be the key objectives that many firms are pushing ahead with and this has led to an increase in demand for very strong and versatile interim managers.
We are still seeing the need for the ‘glove fit’ dominate the majority of requests and there appears to be no sign of this changing.
At Deltra we are keen to hear your thoughts on the current economic climate and keen to see what you are seeing. If you have any comments on this please feel free to email email@example.com
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Deltra Group are pleased to announce that as of the 24th November 2011 we will be moving to our new offices in the City of London. Deltra will be based at the Regus Offices, 68 Lombard Street, within walking distance to Bank Station as well as using the existing office space on Regent Street.
We are looking forward to having a presence in the city once more and we look forward to welcoming our clients and candidates to our new offices over the coming months. The contact details will remain the same – for those that need it, our central number is 0207 747 5399.
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Will we see further signs of growth in 2011?
The start of Q2 has left us thinking that there is certainly no let up in the desire and ambition of our clients.
Here at Deltra we have seen a surge in activity over the last 8-10 weeks as our clients gear up for large scale change programmes to take effect. Signs that the UK economy slowly stabilises has greatly helped and we are seeing continued signs of confidence in the market place.
We have found a number of key clients focusing on Shared / Customer Service programmes and initiatives as they seek to gain competitive and cost advantages. Whilst we are seeing this surge in activity this has been twinned with an influx of candidates into the Programme Project and Change space and this has resulted in clients being very selective of the type of candidate they wish to bring into their programme teams. This influx of candidates has largely come from the troubles faced by the public sector in light of the recent budget cuts and made for a very competitive market place.
We are finding that clients are still looking for the ‘perfect’ fit for positions in spite of increased competition from their rivals. One of the main areas affected by this are regulatory programmes that are now becoming more of a priority and no longer can clients push this work back. This has led to rates increasing for specialist positions such as Solvency II and Smart Metering Project Consultants as there remains a small pool of professionals with ‘specialist’ skills in this area.
There looks to be a mini backlash on the horizon with certain insurance firms opting to stand firm and use the experience of mainstream interim professionals to avoid paying a premium.
The outlook for Q2 remains upbeat and we are very confident about future programmes penned for 2011 and 2012.
Should you wish to ask any questions or should you have any comments on the above, please do not hesitate to email Deltra on firstname.lastname@example.org or call 020 7747 5399
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2011 has been encouraging for us so far and we have seen an increase in interim and permanent opportunities in the market place. Although cost saving is still firmly on the radar for companies in the UK which can lead to the gloomy ‘recruitment freeze’ for the interim market this is not always the case. We are having more conversations with our clients around smarter and cost effective ways of resourcing for programmes which has included using independent interims as an alternative to consultancies. There seems to be a real understanding from our clients that there are some very experienced independent consultants in the market place with relevant experience to their industry and programmes who are highly effective and focussed solely on delivery.
Candidates who are on the market and interviewing with clients are experiencing slow turnaround times from first being spoken to about an opportunity to the recruiter making a decision and bringing them on board. Recruiters are still looking for a ‘glove fit’ for every role and therefore taking more time to recruit whilst they wait for the perfect candidate.
Due to the recent Government cuts there has been an influx of ‘available candidates’ from the public sector. These candidates are finding it very hard to move across into the private sector due to the reasons discussed above.
We are expecting a healthy Quarter 2 with budgets being signed off from the beginning of the new financial year in March/April.
We welcome your thoughts and comments on any of the topics mentioned above.
0207 747 5399
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Deltra would like to wish you all a fantastic New Year and we hope that your aims and aspirations are met this year.
We are looking forward to a bright start to the year with lots of activity planned across our client base. We saw a strong finish to 2010 and have noted the following observations that we wanted to share with you for 2011:
- A number of our clients particularly from the financial services sector have identified 2011 as the time to make some unique changes to the way they work with their current customer base. They are introducing a number of programmes to address the current customer experience and to ensure their customer proposition will give them a competitive advantage over their rivals. This has been particularly prominent within the Insurance market.
- Utilities has been a sector that has been largely unaffected by the economic downturn. With new government targets coming into place soon affecting a number of ways of working, we see this as a sector that will continue to experience transformation once again in 2011. Deltra are already working with a number of large utilities firms that seek not only to meet the new government legislation but to use it as a chance to change the way they operate and to achieve greater efficiencies.
- Overall we have noted that the start to 2010 was very cautious due to speculation of a double dip recession heading our way. H2 of 2010 saw greater optimism return to the market place with companies seeing that the programmes they had postponed in 2009 being kick-started once again.
- Q3 of 2010 saw frenzied activity levels within the banking sector and whilst the public sector took a hit due to the impending budget cuts there seems to be a renewed energy and vigour for the private sector to really bounce back in 2011.
At Deltra, we see 2011 being full of opportunities and we are interested in speaking to candidates who are keen to hear about future opportunities. Should you have any questions or queries please do not hesitate to contact the Deltra team on 0207 747 5399 or email email@example.com
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Welcome to the launch of the Deltra website
We are very excited and passionate about this new venture and are looking forward to working with top quality interims in the future who share the same core values that underpin our organisation; Quality and Integrity.
The team at Deltra are looking forward to working with you over the coming months and years and hope to develop strong and meaningful relationships.
Our outlook for 2010/2011 is bright, having seen a demand for interim resources across a number of sectors. We anticipate that this will rise steadily throughout 2011 as a number of our clients seek to address the impact of the recent economic downturn.
If you are in the area and fancy meeting up with us please do let us know.
Minesh & Julian
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