Lately there has been a lot of talk about Interim Management, or flexible management, and there is a great deal of ignorance about what this service is and how it works.
Interim Management is a service provided to companies, through managers with extensive experience, to cover a specific need or project, or to manage a period of transition, change or evolution in an organization, for a specific period of time.
There are companies in the market dedicated and focused exclusively on providing these Interim Management services, which entails guarantees for both client companies and the managers themselves.
The executive must be a senior professional with over 18 years of proven experience in business management or a specific area. The average duration of this type of service ranges from 6 months to 2 years. The service aims to address specific needs or situations that organizations face, such as temporary replacement of an executive position, management of organizational change, development of new businesses or expansion into new markets, management of business growth, and consolidation and professionalization of a startup.
Work like Interim manager It's very different from being a permanent employee at a company. As its name suggests, it's a "temporary" relationship with the advantages that entails. To be an Interim Manager, Beyond the necessary experience, knowledge, and common sense, a set of personal values is required, such as responsibility, efficiency, objectivity, commitment, sincerity, empathy, and the ability to understand the client. These values are key to successfully engaging in this type of service.
The popularity of Interim Management services is steadily increasing. On the one hand, they offer executives who have left their companies a new professional opportunity to contribute their experience and knowledge, and on the other hand, they benefit client companies due to the positive results they deliver. Numerous companies have successfully contracted these services, and the rate of repeat business is on the rise.
Interim Management services are provided by a team of qualified professionals who integrate seamlessly with organizations, delivering innovative solutions and implementing them quickly and effectively. Because these professionals are external to the company, they offer a fresh perspective, bringing objectivity, a new approach, and efficiency to the problem.
The relationships between the contracting company, the company providing the Interim Management service and the manager are based on contractual relationships of a commercial nature.
Interim managers are undoubtedly an excellent solution in difficult situations, providing a strategic advantage in the face of new problems or those for which the company does not have a professional with the guarantee of managing them successfully.
The cost aspect of the service is an advantage for the company because it is not an overhead cost. The fee is agreed upon beforehand, based on factors such as the complexity of the work, the required seniority level, and the duration of the service, which clearly defines the cost to the company. Payment is made via monthly invoice and only for the time worked: there are no vacations, leave, training, etc.
The profitability and return on investment for companies that contract Interim Management services is proven. The return on investment is clear and tangible. The value generated by the managers is significant, and client expectations are far exceeded, as demonstrated by satisfaction surveys following the services provided. An interim manager works with 100% focus on the established objectives and expectations, guaranteeing results and demonstrating high productivity and strong commitment. The level of savings achieved with this service is several times the cost it generates, with the added benefit that the cost is temporary, while the savings remain with the company.
The fact that it's a service provided by external professionals facilitates rapid integration and seamless, comprehensive collaboration with the rest of the organization's management, who don't see him as a career competitor, but rather as someone who comes to help and collaborate. By bringing an external perspective, he becomes an important agent of change and energizes the company.
Additional advantages of these services for clients include constant communication between the Interim Management company's representatives and the contracting company's management to resolve any issues that may arise. This close relationship allows for service adjustments, addressing problems affecting the executive's performance, or even replacing the executive at no cost to the client.
Therefore, the benefits that this professional modality brings to companies are visible, and this is what is generating the boom and growth in our country.