Besides the possibility of a leadership position going vacant, many situations can call for a temporary manager, be it time-consuming processes such as restructuring measures, mergers, setting up a new company, assignments abroad, the implementation of novel concepts and systems, crisis management or taking advantage of extraordinary market opportunities.
As Interim manager, we are hired for a clearly defined task over a set amount of time. That can be the implementation of a specific project or the temporary take-over of a line function in case of a vacancy.
Interim management or temporal management is a proven method for diffusing critical situations in a professional and safe way. This period is utilized as an opportunity for change and improvement.
What is the difference between temporal management and consulting?
A consultant's task ends with the presentation of measures and concepts that solve a situation. As Interim manager, we also take on the implementation. Consulting is generally an integral part of our work as a temporal manager. Preceding each assignment, an analysis serves as preparation for work and as initial practice.
In the last years especially, the hiring of Interim managers has markedly increased even in the most sensitive corporate areas. There is often the desire for an external viewpoint, able to recognize potentials for optimization and to implement the resultant measures in a new, accelerated pace. This requires an active role inside the organization and to take on responsibilty. It goes without saying that trustworthiness is integral to being an Interim manager.
Inside the company's structure, the Interim manager is either endowed with the responsibilities needed for the function and task in consultation with the managing director or owner, or is installed temporarily as a managing director.
Any temporary manager signs a Non Disclosure Agreement before they take on their position. As Interim managers we are entrepreneurs who need to prove ourselves on the market on a daily basis, mindful of our reputation.
Interim managers have typically changed company and/or position several times in the course of our career, and have also lived abroad. We are people who seek change and look for a challenge, have an enterprising way to think and act with flexibility to an above average degree. We are accustomed to adapting quickly to new situations.
Advantages to using an Interim manager
- professionality proven in practice
- available on short notice
- pinpoint competence
- precise calculability
- no risks related to employment law
- an external viewpoint
- no additional headcount
The costs for engaging a temporary manager amount to between the full payroll expenses of the assigned function and up to 30% above that. As temporary manager we are only being paid for the period of our engagement. There are no side costs or unexpected expenditures for paid leave of absence, etc. Reaching the goals set and implementing projects and measures on time and in high quality increases the profitability and, ultimately, financial performance, which can sometimes secure a company's existence.