Transition Management (interim management) – clearing up some doubts
Interim management is a form of service provision based on a time-limited collaboration with a highly qualified and experienced professional to fill management roles within an organisation. Some of the management requirements […]
Interim management is a form of service provision based on a time-limited collaboration with a highly qualified and experienced professional to fulfil management roles within an organisation.
Some of the management needs of organisations require swift and specific action, involving strategic or tactical decisions based on extensive experience in similar situations.
What are the main advantages of interim management?
They can be summarised in three points: immediacy, specialisation and the absence of future liabilities. Immediacy, because the high turnover of professionals ensures almost total availability. Specialisation, because it is possible to engage a professional who is an expert in the required field, without having to retrain existing staff within the company. No future liabilities, because the collaboration is limited to the time strictly necessary and is governed by a commercial contract (not an employment contract) which ends without any obligations between the parties.
What is the cost of using these services?
Costs vary greatly depending on the service to be provided, its duration and the specific requirements, but as a general rule they are equivalent to or lower than the cost of employing a middle-management executive on a permanent basis. This fact, combined with the advantage of avoiding future liabilities, makes contracting these services even more attractive.
What is the difference between an Interim Manager and a consultant?
A consultant carries out all kinds of advisory work, both tactical and strategic, within their areas of specialisation, with efficiency and rigour, generally with objectives focused on providing guidance to address a specific need.
An Interim Manager assumes executive responsibilities and gets straight down to work, making the appropriate decisions – both tactical and strategic – to address that need, whilst optimising the use of resources within the company for which they are providing their services.
