So what is an 'Interim Manager'?

Since the 1990's, as the role of the interim manager has become more mainstream and freelancers and consultants of all hues have adopted the term, the definition of interim management and what differentiates it in the marketplace has become a little clouded.

We define an interim manager as a freelance senior manager who can take on such tasks as running a department, managing a programme of work or achieving specific business outcomes. An interim manager will necessarily be given the authority and control needed to get the job done.

In a recent discussion on the Institute of Interim Management LinkedIn Group, the following value proposition for interim management was debated, agreed and incorporated by the IIM.

The Interim Management Value Proposition

Return on Investment

Speed

Expertise

Objectivity

Accountability

Effectiveness

Commitment

Interim Managers add value by using their skills and expertise to help deliver an outcome, solution, service or mitigate risk that provides a meaningful ‘Return On Investment’ to a client. Interim Managers are paid on the understanding of goals and objectives being performed and delivered, and not simply on the basis of attendance.

Interim Managers can be in place within days as opposed to weeks or months which is essential when time constraints are paramount. Being practiced in engaging promptly with the situation, they become effective quickly upon joining a client organisation. Because of their experience and expertise, Interim Managers also conduct and complete assignments effectively and with due speed.
Interim Managers typically operate at a senior level in the client organisation, often being sensibly over-qualified for the roles they take on. They often bring skills and knowledge not otherwise in place, to address a specific skills gap or problem. Their experience and expertise enables them to be productive and make a noticeable impact from the outset, maximising the likelihood of success.
Unencumbered by company politics or culture, Interim Managers provide a fresh perspective and are able to concentrate on what's best for the business. Being independent operators, they are able to contribute honestly without constituting a threat to the incumbent management team. Not being part of a larger business they are not pressured to unnecessarily extend their assignment.
Rather than taking on a purely advisory role, Interim Managers are managers who will take responsibility for and manage a business or project in their own right. They expect to be held accountable for results and by being instrumental in an assignment’s successful delivery. They give clients the peace of mind that the Interim Manager has stewardship of the project in hand.
Operating at or near board-level gives Interim Managers the authority and credibility to effect significant change or transition within a company. Unlike a ‘temp’, they're not just there to ‘hold the fort’. They actively add value to the client organisation as a result of their expertise and approach, even when the work and the decisions to be made are difficult.
Career Interim Managers maintain high professional standards because their future work relies upon referrals and a successful track record. They therefore have a stake in the success of the assignments that they undertake. This contrasts favourably with other ‘temporary workers’ who may also be seeking ‘permanent employment’ or simply motivated by a day rate or extending their tenure.

To download a pdf of the interim management value proposition, click here
To review some of Les's recent case studies click here

Legal | Privacy