There are many advantages to deploying an interim manager. So, what are the significant advantages of using interim managers? In my experience they are:
- Very experienced managers who ‘hit the ground running’ and are engaged to deliver on their projects and roles.
- Entirely focussed on achieving the project objectives and are not distracted by organisational politics.
- Employees of their own limited companies and are therefore not employees of their clients. This means there is no expensive employment contract to enter into or unwind.
- Paid a daily fee with no on-cost and are only paid for the days they work. Holidays, sickness, etc. are not charged. This makes it easy to forecast their costs.
- They are normally engaged on a full-time basis but this can also be part time. Average contractual engagements are around 6-9 months.
- They are only engaged for as long as required giving complete flexibility.
- There is always a ‘pool’ of available interim managers and this means they can be in post, if required, within days.
- They are often engaged to bring about change that is difficult or impossible for incumbent management to deal with.
- They have a measurable Return on Investment (ROI) for their engagements.