Contributing to your business objectives at optimal cost.
Companies and organisations hire interim managers for their knowledge, experience, skills, drive and personality. They provide a "ready-made" option for businesses that need an injection of operational, strategic or specific skills. Right from the get-go rather than waiting around until a new hire is available.
It is no news anymore: with the ongoing war for talent, if you find any new staff to hire, it is all but certain that they are available immediately and need additional training. Interim managers fit into the gap directly and are ready to deliver.
The role of an interim manager
An interim manager is a senior manager selected to implement a specific project or fill a defined role. These managers have the expertise and urge to deliver and help companies meet their business objectives. They can be up and running in no time. Their analytical skills and earlier experiences allow them to get to the heart of the matter without wasting time, allowing them to deliver quick results for your business.
Cost optimisation without compromising on quality These professionals are cost-effective compared with permanent hires, as there are no recruitment costs when hiring an interim manager. The contract usually has a fixed term that may be extended if and when needed. On top of this, the cost of integrating into the team is low because most interim managers are flexible, agile, resilient and pragmatic.
Since interim managers only need a very short time to get on the ball, they can focus on results immediately and are not distracted by other tasks. This short deployment time leads to cost optimisation. Just think about saving the cost of training a new hire, the investment for a coach or buddy. The short-term nature of their appointments means companies don't have to put their finances at risk.
Flexibility at its finest
With the principles of Total Talent Management in mind, none of the following comes as a surprise. Everybody knows there is an "expiration date" for some roles. In other words, how long do you need a team member to execute a particular role or project? Who you need today may become redundant after, say, six months for the simple reason that the job is done, the transition succeeded, the ERP system is live, or a particular client won. You may need a completely different profile in 6 months to move to the next level. That new person may need to have an entirely different skill set.
As well as being cost-effective, hiring an interim manager allows companies flexibility in terms of how long they need someone. Whether it's just for a few months until things settle down again or longer if there is more severe restructuring required. This flexibility makes them ideal candidates when organisations are undergoing rapid change such as mergers/acquisitions where both parties need additional support during merger integration activities but cannot afford full-time staff members due to their strained budget constraints.
An exceptional but not to be neglected trait is that many interim managers have learned to be very creative when resources are scarce. Resources may be team members, budget, or production means. With careful attention to change management, they may deliver sooner, even when resources are scarce.
Conclusion
Interim managers are key players in the business world. They can step in and deliver results quickly without spending time getting up to speed or learning new skills. With strategic insight and expertise, they provide operational knowledge that can help companies and organisations of any size or scale meet their business objectives at an optimal cost.
The added value of BDO Interim Management
We can provide you with the best and most appropriate interim manager for your business. For any role or discipline. Our experts have years of experience in their field, and we will personally select the best matching interim manager for your organisation based on their skill set, experience, expertise and cultural fit.
Contact us today to introduce you to the available interim manager that meets you and your organisation's needs and objectives. Challenge us with your business needs or requirements. We are here to listen and be your sounding board, even if it does not immediately lead to a concrete assignment. At least we'll get to know each other, enabling us to be very reactive when there is a concrete need.