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Interim management
Our interim managament services
Executive interim management is the short-term assignment of a proven heavyweight executive to manage transition, crisis or change within a company. A permanent role may be unnecessary or there may be insufficient time to make a permanent appointment. Internally, there may not be anybody suitable for, or available to take up, the position. Whatever the reason, this is the type of situation where executive interim management could prove invaluable.
There are several factors that make interim management the powerful resourcing option that it has become today:
- Speed. Interim managers can be in place within days as opposed to weeks (essential when time constraints are paramount).
- Experience. Interim managers will be more than qualified for the position they are taking on and will therefore be stepping down in responsibility. They will also have past experience of similar challenges to the ones they are about to face. In addition to enabling them to have an immediate effect and be productive from the outset, this minimises the risk of things going wrong and, more importantly, ensures success.
- Objectivity. Unencumbered by any previous involvement in company processes or staff relationships, interim managers provide a fresh perspective and are free to concentrate on what's best for the business.
- Accountability. Rather than taking on a purely advisory role (as a management consultant would), interim managers are responsible and accountable line managers who will implement and manage a business or project in their own right.
- Effectiveness. Operating at or near board-level gives interim managers the authority to effect significant change or transition within a company - unlike a temp, they're not just there to 'hold the fort'.
- Commitment. Interim managers are committed to an interim career. For them, this is never just something they are doing until a suitable permanent position is found. They enjoy the challenge of the different assignments, take great pride in maintaining the highest standards and realise that they are only ever as good as their last job.
There are a number of different business situations that could result in the need for an interim manager. Typically, these could be one or more of the following:
Crisis management
Sudden departure
Managing change or transition
MBOs and IPOs
Mergers and acquisitions
Project management
The right interim can make an immediate contribution to enhancing and improving.
Good interim executives have a special combination of qualities and are hard to find. They must be able to run their own business, manage themselves (in and out of assignment) and successfully satisfy demanding clients with high expectations of immediate results - where others may have failed and the situation is critical. When the right candidate is identified and available, wise clients move quickly to secure the interim's interest in undertaking the challenge, taking them on board.
Finding the right interim
With different interim managers obviously having different backgrounds, skills and levels of expertise, there will naturally only be a small number of candidates who could be deemed to be suitably qualified for any given assignment.
Of these few, one or more may be not be in a position to take up the appointment and so - when time is a critical factor - it is vital that the right available candidate is found as quickly as possible.
This is where a specialist interim manager placement company comes in. Our particular qualifications and experience can prove invaluable when:
- Clarifying the objectives and terms of reference
- Finding the best interim manager available for the position
- Advising on the most appropriate introductory process for the Interim
- Negotiating fees and contract terms
- Keeping in touch during the assignment to ensure expectations are being met
In addition to drawing up a shortlist of potential candidates who fit your brief, an interim management company should also be prepared to give you a firm recommendation on the person they feel is most suited to your requirements. However, the final decision should always be yours.
Becoming an Interim Executive
A Client will hire an interim executive when their organisation is faced with a problem or an opportunity that requires immediate attention. They are looking for someone who has seen it and done it before - someone who would be operating entirely in their own comfort zone - immediately credible and totally competent. If you are interested to serve as an interim do not hesitate to send your cv to us.