Executive Space

The recent report from the Regional Observatory of BBVA Research has shed light on the economic outlook that Spain's autonomous communities will face in 2025. With an upward revision of the GDP, Spain is on track for solid growth, although not without challenges. In this context, companies must be prepared to seize growth opportunities and adapt to the new economic realities of each region.

According to the latest report by the Family Business Institute, 67% of family businesses lack a defined succession plan, a concerning figure that jeopardizes the continuity of these organizations, which are a cornerstone of Spain's business landscape. Even more alarming is the fact that only 33% of family businesses make it to the second generation, and a mere 13% survive to the third.

Often, the lack of succession planning is not solely due to technical or financial challenges but also to family dynamics that hinder decision-making. While generational transitions are inevitable, they are often postponed, opening the door to internal conflicts and threatening long-term viability.

Spain has seen a significant increase in the number of insolvency proceedings and dissolutions during the first half of 2024, particularly among small companies. Factors such as rising interest rates, difficulties in repaying ICO loans taken out during the pandemic, and reduced profit margins have pushed many businesses into complex financial situations. In this context, companies facing insolvency proceedings or restructuring needs are finding Interim Management to be an effective and strategic solution for tackling these challenges.

Today, Interim Management has become a fundamental tool in the business world.

Its adaptability and efficiency in dealing with specific situations make Interim Management an indispensable strategic tool. Whether to temporarily assume a managerial role, face a crisis, manage a business restructuring or carry out a transformation project, Interim Management has become the ideal solution to overcome obstacles and achieve success effectively.

One of the main problems in the Spanish labor market is the hiring of workers over the age of 45, a phenomenon known as ageism, since many professionals who lose their jobs after that age find it very difficult to find another job.

For almost 10 years, Servitalent has focused on providing Interim Management services with the aim of promoting and disseminating this activity in Spain as a strategic tool that can help companies meet their leadership needs.

Servitalent emerged about a decade ago to provide temporary management services, and since then has worked hard to promote and spread this activity among Spanish companies.

Servitalent started offering Interim Management services 10 years ago. Since then, it has been committed to positioning and promoting this activity in Spain.

A decade ago, Servitalent was founded to provide Interim Management services. Since then, the company has been working to position and promote this activity among businesses in Spain.

Servitalent was born almost 10 years ago providing Interim Management services, with one of its goals always being to position and promote this activity among companies in Spain, as it has been considered a strategic lever to provide suitable management expertise to the cyclical needs of companies. To achieve this, one of the tools used has been the Report on the State of Interim Management in Spain, which is also becoming a reference in the sector. The results obtained in this study will be included in the fourth edition of our Interim Management Hiring Guide 2023.