There are several factors that make the Interim Management model an increasingly popular and cost-effective solution to short-term business needs.
An Interim Manager can be sourced and start work within a very short timeframe, with typically five working days between brief and interviews, which is essential in many scenarios.
Interim Managers often add value through the addition of skills above and beyond the job specification.
As an independent operator, an Interim Manager can provide an honest and objective perspective, without agenda.
Interim Managers provide their services priced at a daily rate of payment. This means the cost of hire is easily calculable. Rates are often set on the understanding of measurable goals and objectives being achieved, not just on the basis of attendance. The money an Interim Manager saves a business versus the cost of hire can often provide an extremely lucrative ROI figure.
Interim Managers work through their own Limited Company, which avoids the legal obligations of taking on a permanent employee - redundancy, holiday pay, pensions, statutory sick pay, benefits, and PAYE, to cite some examples.
Financial Sector, 6 months contract
Industry, 18 months contract
FMCG, 12 months contract
In Europe, Interim Management
is used for change management context in 35% of cases
Only 10% of Interim Managers in Europe are Women
Average duration for an Interim Management contract in Europe in 2019