An interim manager is a top-level independent executive or project manager. An expert in their field. A high level performer with a track record of quantifiable achievement. A possessor of drive and energy. A perceptive individual capable of adapting to new environments and delivering results. Typically Interim Managers are available at short notice, subject to other client commitments.
Interim managers are experienced executives with specialist skills and a track record of achievement. They are hired by businesses on a project basis to solve problems.
Today, increasing numbers of business leaders are seeing interim managers as a more cost-effective solution than management consultants, or recruiting additional senior members of staff. Where resources are lean, organisations cannot afford to hire the wrong people. Interims can be parachuted into an organisation for eight to 12 months – to deliver results quickly before moving on to their next assignment.
Why use Interim?
Advantages of using an interim manager
Interim managers are highly skilled, and brought into organisations to strengthen capabilities. They lead transformation and change; getting projects in place – quickly and effectively. Their purpose is to effect change and roll out processes which are left in place for the business to work with on an ongoing basis.
Their role is to speak openly and highlight what a company should do to achieveits goals. In addition, they are far more cost-effective than traditional management consultants, and they deliver results, not just analysis.
It is essential for organisations across the UK to have access to this talent, as and when they need to tap into it – particularly as we work towards economic growth and recovery.
Here are some of the advantages in bringing an interim manager into your organisation:
Value for money
An executive on £100,000 is actually costing the business a lot more. Once you have added in bonuses, holiday pay, NI contributions, pension, health and company car benefits, the real cost is likely to be nearer to £175,000. These costs do not apply to interim managers.
Availability
Interim managers are typically available immediately. It could take a minimum of four months to hire a permanent member of staff, as they may have to serve out their notice period.
Immediate results
Unlike a permanent employee who is typically given a honeymoon periodto settle in, the interim manager will start delivering results very quickly, identifying quick wins and rapidly building relationships.
Experience
Interim managers offer instant experience and a capability which is almost always one rank higher than the job requires.
Objectivity
Interim managers are objective and are not sidetracked into office politics. They do not expect to have a long career with you so they tell you what you need to hear - not what you want to hear.