Heavyweight employees can make a real difference for businesses undergoing struggles. From staffing issues to ensuring stability in times of change, interim managers will have the skills and expertise that will help companies ride through the stormiest business environments.
A lack of management resource and failure to address skill gaps can jeopardize sustainability, growth and could lead to closure, so take the time to consider why interim management may be of benefit:
Experience and impartiality:
Interim managers are skilled, previously performed the role in question and have a track record of delivery. Hence they will have gained substantial experience and are prepared to get hands-on. Moreover, they’re impartial; enabling them to give an objective view on what is best for business and contribute honestly without being seen as a threat.
Faster project delivery:
Operating as independent hires, interim managers show immediate commitment. As their work relies heavily on referrals and successful delivery, they’re keen to work closely with the business to ensure they achieve the desired outcome in any given project or business objective. Having years of knowledge, they will be a heavy influence in the success of the projects, going all out from the initial idea, planning, and execution to certify there is not only speedy progress but success.
Solution to staffing issues:
Employee turnover can have a significant impact on businesses, especially when it occurs at a senior level. Finding the right candidate to replace at management level will take time, causing significant disruption to businesses. Hiring an interim manager takes days as opposed to weeks or months, averting the issues caused by the lack of leadership, providing your business with the necessary expertise while you continue searching for the best candidates on a permanent basis.
Some may shy away from resorting to interim management as they fear it may be too costly. However interim managers can be recruited on a project basis, part-time or fixed-term; they charge only for the days worked with no extra payments (such as pension, holidays, etc) applicable. Moreover, as they already have the experience, business challenges and requirements are quickly grasped, project delivery will be quicker (generating profits at a faster rate), adding value immediately.
When internal factors cause business turmoil a failure to adjust and deliver will cost businesses more than resorting to interim management. With ever-increasing pressures, using an interim manager will not only provide the necessary management resource but also provide the much-needed relief from burdens faced at the senior level. So if your business requires highly specialized leadership skills, perhaps interim management is the answer.