Interim Management
What?
Interim management is the temporary supply of an individual with management expertise into an organisation.
Why?
These individuals are referred to as ‘interim managers’ and will typically be experienced business leaders who are able to manage an organisation through
a period of change or transformation,
provide stability to a business following the sudden departure of a senior leader,
provide a highly specialised skill set which a business may not have internally.
An organisation may choose to pursue the interim management route because the role in question is not a permanent position or a permanent executive/manager cannot be found fast enough.
Duration?
Interim managers are typically hired for three to nine months and help organisations who are undergoing major change, trying to implement a critical strategy or are looking to plug a critical management gap.
Benefits
Speed
They are available to start in days with minimum recruitment or termination formalities.
Experience
They are typically overqualified for the role, meaning they can operate fully autonomously if necessary with little guidance.
Results
Track record and performance really count, so interim managers are used to being judged by results so they know how to deliver.
Knowledge transfer
They can support and mentor your team members thanks to their high level of experience and expertise.
Objectivity
They will not be constrained by company politics, personalities or protocols. Having no previous history with your business means they can look at the situation objectively and with clarity.
Delivery
They are polyvalent so they can act as counsel to the Board while rolling up their sleeves to help deliver the strategy too.
Flexibility
Interim management offers the opportunity to work on a wide range of projects alongside talented people while earning a lucrative day rate, but it is also a challenging environment.