Written by The Insights team on 02 Jan 2017
During periods of change – and every business can face periods of uncertainty and unexpected demands - companies require skills, knowledge and expertise that may not exist within. Without these skills, organisations’ sustainability, growth, and sometimes survival, can be at risk. If you’re considering outsourcing a project in 2017, here are 7 advantages to using interim managers:
1. Makes your business more agile
Having some interim managers on tap helps companies remain agile and capable of quickly adapting to changing market conditions. You might need a manager to add a specific skillset, a specialist to add experience to your staff, or a team to carry out an urgent project. You can use this resource when you need it for only the time you specify. Being agile could be your business’ key to success this year. .
2. Objectivity and a fresh perspective
As an independent external resource, interim managers can bring a fresh perspective. Unencumbered by company politics or culture, they are able to concentrate on what's best for the business, highlighting areas that sometimes requires attention. The experienced ones can contribute openly and honestly without being seen as a threat to the incumbent management team. As outsiders they can ask the right questions, think unconventionally and can help change the way things are done by bringing in fresh ideas.
3. Deep sector knowledge and networks
Interim management is one of the most transparent and direct ways to transfer knowledge, ideas and deliver business change. The senior ones often bring expertise, not otherwise in place, to address a specific skills gap or problem. Their experience enable them to be productive and make a noticeable impact from the outset, maximising the likelihood of success. They will share their knowledge around and so help grow the skills of your own staff - so you get a smarter workforce and increased competitiveness in the long run.
4. Immediate results
Interim managers are highly adaptable and can hit the ground running. They can be in place within days as opposed to weeks or months, which is essential when time might be of the essence. As specialists they can quickly grasp business challenges and can add value immediately. Because of their experience, interim managers also conduct and complete their projects effectively and at speed.They have a vested interest in professionally delivering at whatever pace is required because their future work relies upon referrals and a successful track record.
5. Gain specialist skills and specific experience - only when you really need them
You can be confident in tackling challenging projects, safe in the knowledge that you’re not over stretching your existing team, Core staff can focus on their day-to-day responsibilities without distraction.
6. Builds confidence for the company to grow and diversify
Do you avoid bidding for business slightly outside your comfort zone, worried that you may not have the capacity to deliver if you win? Interim managers enable you to go for new, different, types of business and become more competitive and flexible at every level.
7. Adding immediate value and significant ROI
Interim managers help deliver a solution that provides meaningful ROI and added value. Though your core team may be lean – and you’re definitely not alone if your company is managing operating costs more cautiously than ever – interim support can be a cost effective way of boosting resource when you need extra help.
You may need cover for a number of reasons including urgent project work, maternity leave, unexpected departure or sick leave, particularly busy periods of the year, assistance with special projects,company expansion or system upgrades.
Payroll can carry a good deal of hidden costs for example benefits and holidays. With interim managers you only pay for the days worked – and you’re getting skilled and experienced support, all of which benefits you, and your business.
If you’d like to find out more about how Momenta can help you be better placed for the future on your next project please call Corin Woolnough on 020 7374 5645 or email firstname.lastname@example.org