Interim Management is a cost effective solution to a short or medium term gap in a company’s management resources. In the past, companies often had internal resources to develop new initiatives, manage specific projects or cover sudden gaps in their management teams. Downsizing and ‘rationalisation’ have reduced this natural internal capability. Companies may now be leaner and fitter but at the expense of flexibility, just when rapid change is a feature of the current energy marketplace.
The solution of using Interim Managers allows companies to have a lean, highly focused, core management team knowing that highly experienced managers can be drafted in at short notice for one off projects or to take advantage of new opportunities. Often, the Interim Manager may be over qualified for the clients needs, but this means the Interim can hit the ground running, identify problems and offer pragmatic solutions quickly.
Interim Management is often a cost-effective resource for managing projects such as:
Opening a new division, or new markets
Launching new products or services
Turning a company's performance round
Specific project management such as process mapping
Covering for short/medium term sickness or maternity
Supplying specialist or technical knowledge not normally available in the company
Driving new initiatives, such as Strategic Planning or Change Management
The benefits of using an Interim Manager include:
Experience - knowledge, industry skills and experience relevant to each assignment
Immediate - Interim Managers can often be in place within a week
Flexible - contracts can be for weeks or months and can be terminated or extended. Does not necessarily require to be in your office on a full time basis but can be on an ‘as-required’ arrangement
Effective - a short learning curve and a "no fuss" start and finish
Cost Effective - the full cost of Interims is clearly defined and easily monitored
Accountable - part of the management team, taking line authority
What Will It Cost?
Charges obviously vary according to the responsibilities involved and the length of interim assignment. We will be pleased to give to an exact quotation after meeting to discuss your requirements.