Interim Management

What is Interim Management?

Interim management is the temporary engagement of an experienced manager for the purpose of solving different business problems quickly and efficiently. The interim manager is "all in one": project leader, director, consultant, mentor, trainer, etc. He is usually hired for a period of three to six months, but he may also be engaged for just one day or as long as two years.

Interim management first appeared in Europe in the early nineteeneighties, and is a rapidly growing branch today.

Advantages of the Interim Manager over the Employee

  • Speed and simplicity – no tedious hiring/dismissal procedure.
  • Knowledge and competence – these are highly qualified persons (mostly overqualified for these positions) who apply their rich experience, many skills and broad knowledge from the very first day of work.
  • Efficiency – there is no breaking-in. A clear focus and discipline bring about quick and noticeable results.
  • Development of the management team –as a mentor and trainer, the interim manager transfers his knowledge, skill and experience to your management team.
  • Objectivity and openness – no burden of internal politics and relationships. The interim manager is not an employee of the company, he will say what he thinks and not what the owner would like to hear.
  • Investment-return ratio – at first sight an interim manager seems expensive, but in the end the figures always refute this.