Recent surveys have confirmed that interim executives love their work. Having shaken off the constraints of corporate employment they are now able to “choose their challenges”. Interim managers value the ability to achieve a better work life balance.
The work is there, surveys indicate that over 70 percent of interims have received increasing numbers of enquiries over the last few years.
Interim executives love the freedom of this type of work. 57 percent of survey respondents are committed to being interim executives, as it provides a better work/life balance then their previous careers and the ability to choose the types of challenges they want.
Interim management is often part time – reducing costs for employers and permitting interims to retain their own positions on Company Boards and advisory positions. A win-win for both parties.
It appears that interim positions can range from a few weeks to a more normal engagement which is typically around nine months. 90 percent of executives have completed 3 assignments in the last 3 years. In Europe over 63 percent of the executives reported client rates between 800€ to 1,400€ per day.
Who do they work for? The answer is both domestic companies with global operations and international companies in a domestic market.
How do they find clients? Interim manager use their personal networks or a service provider. In Europe most managers will use one to three service providers with some approaching as many as six providers. In Asia it has been usual for personal networks to dominate, but that is now changing as Interim Management is becoming more recognised.
An unintended consequence of organisations paring their management structures and staffing to minimum levels has been a loss of capability and leadership. Interim managers bring leadership and management skills to bear and apply them in:
As we are often told, the past is no guide to the future; but we can see that the interim manager is likely to become more important, and needed more often. The roles he will fill now comes encompass corporate executive, business owner, start-up entrepreneur, interim executive, management consultant, coach, advisor, board member and many more. As an interim manager you are unlikely ever to be bored………. or unemployed!
There are many reasons why you would not want to hire an interim manager, aren’t there? True or False: Lets take a look 1. Familiarity with the business You need a manager who understands your business and the people in it – an interim manager ...
Interim management leads to meeting challenges, flexible working and hopefully financial freedom. Challenges Some are Interim Managers as a career choice, others occupy Interim positions whilst looking for a new role. What they have in common is ke...
Covid 19 has been a major disruptor. In 2018 and 2019 there was an abundance, perhaps even oversupply of serviced offices and co-working spaces. Hip and popular with start-up companies, there was an increasing trend for businesses to rely on smalle...
Much is spoken and written about the secrets of start-ups. In the early stages start ups may have a staff of one, or at least a very small group of people covering all the bases. Phrases like “Just Do It” or the less polite “JFDI” often pr...
You can dramatically boost the performance of your team by employing an Interim Manager, but you need to put some things in place to make him succeed. You need to supply a very clear brief, so that the best Interim Manager can be selected. Having a...
Those thinking of Interim Management will typically have spent at least 10 years in a particular sector or industry. But no two interims are alike! If you want to be an Interim Manager, start by taking stock. Find out as much as you can about the c...
Here is some insight into how an Interim Manager operates provided by toolshero.com Temporary Interim Management assignments vary in duration, scope, and requirements. However, there are a number of phases that are typical for how interim managers c...
If you are new to Interim Management, you may not have come across the professional bodies which represent and promote the industry. There are many, in different countries, with a heavy concentration in Europe where Interim Management is credited...
If you are venturing into Interim Management after many successful years in management, the chances are that the last interview you attended was as the interviewer and not the interviewee. The interview of an aspiring Interim Manager is not so muc...
Selecting the right interim manager is critical, there is no time to “bed in” and so the skills and cultural fit must be right from the beginning. 1. Build the business case As with any other staffing decision you need to identify the need...
We are often asked “what is the difference between Interim Management and temporary or contract employment?” In one sense there appears to be little difference. You may be employed on a temporary or short term contract and still be an Interim Ma...
Recent surveys have confirmed that interim executives love their work. Having shaken off the constraints of corporate employment they are now able to “choose their challenges”. Interim managers value the ability to achieve a better work life bal...
Have you worked for many years in your area of expertise? You have built up a huge reservoir of knowledge, a good network of fellow professionals and perhaps you have paid off your mortgage and are not quite so dependent on a regular pay cheque. You ...
You have certainly heard of Interim Management , but have you thought about using it in your situation? An interim manager is not just another person to fill an organisational gap, he/she is a strategic instrument, who brings expertise and manageme...
Key lessons regarding cross-border solutions in Interim Management The Situation The client is a globally active technology group with its headquarters located in Switzerland. The Group Human Resource Director approached butterflymanager GmbH, the ...
The Situation IXPA was asked to supply an interim manager in China to help one of the world’s leading manufacturers of luxury cars. Headquartered in Germany, it has a global production and distribution network, employing 115,000 people. Support wa...