When considering interim managers, companies often think only of those working at the very highest - those who take on the temporary responsibilities of the Chief Operating Officer or other high ranking executives. While this has become one of the most common uses for interim managers, these operatives are not limited to this scope and can be utilised at every level of a business for a number of different tasks. While every interim will bring their own set of skills and talents, it is their versatility that makes them so desirable.
It is highly likely that every business will have to deal with maternity or paternity leave at some point. This loss of skills, albeit temporary, can be challenging for any business and bringing in an outsider as a replacement will usually require training in order to get them up to speed. Interim managers provide the ideal solution. As they are usually overqualified for many positions, there is no need for training and instead they can begin work straight away. As they are used to temporary assignments there will be no problems when the incumbent returns from their leave, creating a smooth transition for both parties.
Lack of resource
There will be some projects where a particular set of skills or just the resource to deliver will be not be available within the company. As this is likely to be a temporary problem, there is little need to appoint somebody on a permanent basis. Instead an interim can join the company for the duration and act as a project manager, ensuring that the company is able to deliver the project on time and resources are not stretched to breaking point.
It may be the case that a company has the budget and the need for a full time employee but there simply isn’t time to wait for the right candidate. Recruiting at a high level can be a time consuming task and this could involve lengthy negotiations with the current employers and notice periods to be served. In many cases, it’s simply more convenient to appoint an interim manager straight away and avoid any delays in starting a project. With their knowledge and experience, interims can hit the ground running and then hand over the project when a permanent appointment has been made.
Change management assignments remain another common use for interim managers. They will be required when the company is undergoing some kind of restructure, either in terms of personnel, the deployment of new systems, or even the creation of a new department. In this situation, the interim will deploy a strategy to best move the company towards its new paradigm and work until that vision had been fully delivered. In this instance, they can slot into any department, be given full jurisdiction over the required team or individuals and work to get the job done without becoming part of the corporate structure.
The new normal
In the wake of Brexit, it seems clear that there will be uncertainty in the business world for years to come. This means that many will choose not to build out, but instead will rely of the flexibility that can be provided by interim managers. This means that interim managers will be in more demand than ever before and perhaps and with demand, this could mean there is greater depth within the sector.
To find out how Momenta can help make your business more flexible with interim management, contact us today