Interim Management Solutions

Posted by SSR Consultant on July 16th, 2019

How Interim Management Solutions can Help Your Business during Times of Turmoil?

Interim management refers to the popular process of temporary supply of an individual with management expertise into an organization. Such Individuals are referred to as 'interim managers' and are experienced business leaders who are able to effectively manage an organization through a period of change or transformation. A business might also choose to pursue the interim management route because the job position in question is not a permanent position or in scenarios where a permanent executive or manager cannot be found in the desired time. Interim managers are usually hired for a tenure of three to nine months and help companies who are undergoing a major change by solving a critical management gap.

Interim Managers are usually required in difficult and non-routine situations. The major goal behind hiring them is to achieve sustainable results as quickly as possible. Looking for interim management solutions has gained tremendous popularity especially after an unexpected departure or nonperformance of a senior leader. 

Problems a Business Needs to Avoid When Partnering with Interim Management Agencies

Most traditional companies may look to avoid hiring interim managers through recruitment agencies in order to save costs. Instead, they focus on filling the vacant position through internal employees after the sudden departure of a senior leader. 

This can prove to be detrimental to a company’s sustainable performance as internal employees might not have the necessary skills and expertise.

When interim managers are hired, the company is already witnessing a rough phase and lack of communication or patience can add to the already built pressure. Due to the work overload and limited management resources, the industry witnesses many interim managers failing and finally quitting, leading to more woes for a company.

Interim Management consultant firms are known to offer their professional services at an industry-specific cost. The business and the agency need to properly draft a professional agreement with the necessary terms and conditions to avoid complications in the future. Every point of the agreement must be carefully read by both the parties to ensure timely payments. This is will drastically improve their business partnership and help them strengthen their corporate relationship for the long run.

Initially, interim managers might find it difficult to indulge themselves with the prevailing work culture in an organization. They must be briefed by an agency beforehand regarding the business challenges they need to solve. They must be also introduced to the desired expectations your company will have from them. 

Key Benefits of Hiring Interim Managers

They Speed Up Work - Interim managers are hired to solve urgent business requirements, they are willing to start within days and create an immediate impact on the organization. They are extremely adaptable and can work with great speed to achieve the desired work progress. Besides this, they offer a great alternative to permanent recruitment.

They Posses Relative Experience -  Interim managers have the much-needed experience and skills to work autonomously with little guidance. They are greatly aware of their purpose in an organization and strive to provide stability to the business. They have rich experience in managing and keeping the employees motivated during distressful times.

They Present Objective Viewpoints - Interim managers are least affected by the company’s politics and personalities. As an outsider who has just joined an organization, they can offer an objective viewpoint and great clarity. They maintain an impartial view towards other managers and employees.

They Act as Role Models - Interim managers are known to transfer their key knowledge to subordinate managers and other employees within a company.

With a wealth of experience comes a great level of skill, contacts, and knowledge that shall be transferred to your team and remain long after they have left.

Value for Money -  Interim managers are well aware of the fact that there is an ROI figure attached to them and also the project they are hired for. Through their decision-making abilities, they strive to live up to the expectations. In most instances, they help a company in saving overhead costs of hiring a permanent manager 

SSR Consultants: Helping Businesses Steer Operations Through Tough Times

At SSR Consultants, we take immense pride in offering world-class interim management services to our clients. We understand that it is not possible for any business to always have an upward curve when it comes to business operations. Business downfalls or acquisitions are normal and through our help companies can steer clear of the dark cloud on the horizon. Our specialist recruiters have years of experience in sourcing the right talent for a temporary requirement.

When the going gets tough, the tough gets going! Allow us to hire the perfect interim manager when your business is in crises.