The why and benefits of hiring an interim manager
In any company, there comes a time where a company will require skills, knowledge, and expertise that may not exist within the business environment, and the organization’s sustainability, growth, and sometimes survival could be at risk without these skills. Then what to do? If any company is looking forward to having a workaholic, extremely efficient, and diligent employee for some tasks but are reluctant to hire someone for a full-time basis, an interim manager could be the answer.
Who is an Interim Manager?
An interim manager can be helpful in several ways. From filling a critical gap to aid in a transitional phase of your business, an interim manager could be precisely the kind of person you need to bring to your team. Their job role is much more similar to the management consultant but more specialized and expert in their respective fields. Interim managers are much popular in Europe and the UK, and now people tend to hire them throughout the world.
If you are still confused if hiring an interim manager is the right choice or not, here are some questions that you can ask yourself to assess your situation.
Why hire an Interim Manager?
If you need someone right away?
See, if your business is about to go through significant changes or if someone in a critical position has suddenly left your organization, you don’t have a lot of time to act. Then the interim manager comes in the game. One of the sought-after reasons to hire an interim manager is to hire the right manager, it can take months, but an interim manager could be available to you in a matter of days. They typically work for three to nine months at a time, which could be the perfect timeframe for you to find a permanent hire or for your business to adjust to whatever challenges it faces.
Do you have a specific problem?
Interim managers are professionals and specialists in their fields. They can handle your challenges head-on. Unlike conventional management consultants, as they only develop a plan for your business and then see it through. But an interim manager will execute their vision as per the required strategies.
Are You Working With a Limited Budget?
It’s expensive for some companies to hire a full-time employee. And if you’re going through a struggling phase, you may not have the extra capital to bring on a new manager for a team that needs leadership and direction. So, for this reason, an interim manager gets only paid for the days that they work, and is only around for as long as you need them. They can meet your objectives and be off, leaving behind a team that operates better than they ever have before, all within a budget that won’t break the bank.
Benefits of an Interim Manager
- Interim managers are pretty flexible and can offer you, for as long as necessary.
- Their working speed is commendable, and you will observe the operational experience that your organization needs.
- Interim managers are keen on monitoring the regular follow-ups very carefully, ensuring all efforts are concentrated on achieving the predefined goals.
- Interim managers are independent of internal politics and other stakeholders; that’s why it’s a win-win situation for your organization.
Final Words
Finally, after all the benefits as mentioned above, interim manager costs are incurred during a limited, pre-defined period; however, the results they bring have a longer-term impact. As a consequence, clients quickly feel that investing in an Interim Management solution systematically results in an over-proportional yield.
Please contact for a more detailed discussion about your need.