As the global economic recovery accelerates, so too does the resurgence of the Interim Management market. Businesses are realising that Interim Managers can offer bespoke, cost effective solutions using the latest tools and practices whenever and wherever required.
Business owners are constantly reevaluating the solutions required to meed new adversity in an ever changing global marketplace. This continual readjustment lends itself to the consideration of interim appointments, byway of providing impartial solutions to important business challenges. It is now becoming normal to employ Interim Managers not only as problem solvers, but as a means of accomplishing corporate objectives.
It’s becoming far more commonplace for Interim Managers to be placed into newly created, commercially critical roles. Commercial leaders are now understanding that if businesses are to thrive they need access to talent offering turnkey solutions; solutions specifically targeted, with a predefined timeline and a fixed cost.
Interim managers hold several advantages over permanent members of staff, and if correctly placed within a hierarchy of a business can make the swift and decisive decisions your business requires to thrive.
Interim managers can be in place within days as opposed to weeks or months which is essential when time constraints are paramount Being practiced in engaging promptly with the situation, they become effective quickly upon joining a client organisation. Because of their experience and expertise, interim managers also conduct and complete assignments effectively and with due speed.
- Expertise. Interim managers typically operate at a senior level in the client organisation, often being sensibly over-qualified for the roles they take on. They often bring skills and knowledge not otherwise in place, to address a specific skills gap or problem. Their experience and expertise enables them to be productive and make a noticeable impact from the outset, maximising the likelihood of success.
- Objectivity. Unencumbered by company politics or culture, interim managers provide a fresh perspective and are able to concentrate on what’s best for the business. Being independent operators, they are able to contribute honestly without constituting a threat to the incumbent management team. Not being part of a larger business they are not pressured to unnecessarily extend their assignment.
- Accountability. Rather than taking on a purely advisory role, interim managers are managers who will take responsibility for and manage a business or project in their own right. They expect to be held accountable for results and by being instrumental in an assignment’s successful delivery, They give clients the peace of mind that the interim manager has stewardship of the project in hand.
- Effectiveness. Operating at or near board-level gives interim managers the authority and credibility to effect significant change or transition within a company. Unlike a ‘temp’, they’re not just there to ‘hold the fort’. They actively add value to the client organisation as a result of their expertise and approach, even when the work and the decisions to be made are difficult.