Frequently asked questions about interim management
1. What is interim management?
Interim management involves the placement of a highly qualified senior manager within an organisation, for a fixed period of time. This highly skilled individual will work at the complete disposal of the company, taking on operational responsibility within the framework of a well defined mission whilst working as a self-employed person.
2. Who uses interim managers?
Organisations increasingly appreciate the effectiveness and cost efficiencies of interim managers. There is a growing awareness that such executives can be used not just as a 'crisis source', but as a planned resource that does not tie the company to the commitments of employment contracts. Interim Managers can offer great strategic value in addition to tactical results.
3. Who are interim managers?
Interim professionals have made a clear career choice to work in interim management and consider that working without security of tenure adds tenacity and focus to all they do. They are assigned to temporary positions in the management structure of an enterprise, either in a functional role, or to undertake a specific short-term project. Robert Walters has thoroughly checked the motivation, ability and success rate of each Interim Manager before putting them forward for an assignment.
4. When can an interim manager be used?
In an increasingly competitive business environment, interim managers bring the specialist skills and experience to ensure the success of a huge range of projects:
- Project and change management
- Acquisitions or sudden take-overs
- Relocation, expansion or consolidation of facilities (office or manufacturing)
- Start-up or close-down of a company, subsidiary or division
- Efficiency, productivity or profitability improvement needs
- Business process reengineering
- Crisis and transition management
As companies have delayered and downsized, the loss of a senior executive has greater impact than in the past. Interim managers come into their own at times of crisis, filling gaps caused by:
- Sudden loss of a senior executive through resignation or sickness
- Dismissals, both planned and unplanned
- A lengthy recruitment process due to the lack of resources and talents in the market
- Maternity leave
- A shortage of specific competences
- A shortage of coaching & training
5. In what areas can an interim manager be used?
- Accounting & finance
- Banking & financial services
- Information technology
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