Change Management Insights in London 2017

The London Change Management Market Insights Report covers the following areas. Click below to view salaries:

• Commerce & Industry
• Financial Services

Commerce & Industry

Demand for change management professionals and consultants continued to rise during 2016. There was a notable increase in the number of permanent positions, as larger organisations attempted to reduce spend on interims and external consultancies and bring expertise in house.

The consultancy space was also buoyant, with firms looking to develop niche areas and skill sets to give them competitive edge. This trend has been driven by the need for firms to develop new service lines and bolster their existing offering against a backdrop of economic uncertainty and a changing regulatory landscape.

Financial Services

Progress of mission critical programmes, such as implementation of MiFID II, were restrained in the first three quarters due to hiring freezes, but as sentiment improved, there was a return of hiring into regulatory and compliance projects, a trend that is expected to continue throughout this year.

There has been a marked increase in the engagement of boutique management consultancies by financial institutions, in lieu of using change management contractors. Organisations often experience less resistance to using consulting firms than to taking on headcount directly, as it falls under a different cost centre. It also has the advantage of allowing the client to transfer or delegate accountability for the success of the project.

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