When to engage an interim manager
INTERIMCONNECT is the unique UK network to find skilled and experienced professional interim managers.
When to engage an interim manager?
Interim managers are an established management resource for HR Directors/Managers to deploy.
But when should Chief Executives and HR professionals use an interim and for what projects?
Mike Measures FCA founded Interimconnect the largest network of professional interim managers in the UK with 1500 members covering all sectors and disciplines. With eighteen years experience both as an interim manager and managing Interimconnect he knows both side of the fence and offers this guidance.
Bringing in an interim manager, as part of your management team, may be an option when you have considered the following:
- There is a specific project or a management role/vacancy to fill that has a start date; measurable deliverables and an estimated completion date.
- There are no suitable internal management resources available or the skill set does not exist in house.
- Time is of the essence and you need someone now or in the near future.
- There may be uncertainty in the future for this role which means that taking on a permanent person is not appropriate.
- There is an employment “freeze” but you need additional management resources for a given time.
- You need to cover absence, maternity, a long notice of period etc.
Significant advantages of using interim managers are:
- They are very experienced managers who “hit the ground running” and are engaged to deliver on their projects and roles.
- They are 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.
- They are paid a daily fee with no on-cost and are only paid for the days they work. Holidays, sickness are not charged.
- Normally engaged on a full time basis but this can also be part-time. Average contractual engagements are around 6 – 9 months.
- They 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.
For organisations looking to engage an experienced interim manager the network provides the fastest search, selection and engagement from over 1500 + members. Being a network we do not add an agency mark up to the interim's daily fee meaning that those savings can passed directly onto the hirer.
Instead network members pay for the administration of the Interimconnect service.
To find out more or for a confidential discussion on your business needs call Mike Measures FCA on 44 (0)1428 714367 or use the website contact form.
Return on Investment Interim Management
