According to the “First International Study on Interim Management” recently conducted by Interim Management Business Institute In 50 countries, most companies that regularly hire Interim Management services prefer to do so with specialized companies.
Madrid 22 09 22
Over 30% of business owners (32,65%) believe that the main advantage of hiring a specialized Interim Management firm, rather than directly hiring interim managers, is the added value and experience that the firm provides. Other advantages, with percentages exceeding 20% (22,45%), include planning and control of the engagement, establishing a start and end date, the cost of the service, and the guarantee of immediate replacement of the Interim Manager. Also relevant to those hiring (20,41%) is the fact that these firms have access to top international executive management professionals.
Below, we reproduce some of the observations made by Interim Management business owners in various countries, regarding the advantages of hiring transition management services through specialized companies, instead of directly with interim managers:
“If you go directly to an interim management company, you have one option; with an interim management company, you have many more” (Norway).
“The speed with which the Interim Management company selects the best talent” (Canada).
“The Interim Management company provides added value, as it minimizes risk through its selection procedures, both for the interim manager and for the end client” (Germany).
“Interim Management companies understand the client's problem and provide the best option independently” (Germany).
“They have a great understanding of the market and of interim managers. It saves the client a lot of time, preventing them from having to review a large number of CVs from candidates they don't know. We often select candidates several times, so we know them personally and know where they would fit best. We know more about them than what is reflected in their CVs” (United Kingdom).
“The best companies transfer their most valuable interim managers from one project to another. As a result, they achieve the best balance in terms of quality, cost, risk, and speed of delivery” (Italy).
“The rapid response in presenting professionals with the most suitable profile” (Brazil).
“When you hire through an Interim Management company, the professional assigned to a service has the support of the coordinating team of your service company” (Spain).
Another finding of the aforementioned study is that countries with a long tradition of contracting Interim Management services don't even consider directly hiring interim managers. This is the case in Germany, the Netherlands, the United Kingdom, the United States, and France, among others. EPUNTO Interim Management observes this daily through its international network, GLOBALISE – The Global Interim Management Group, which has a presence on five continents.
Download executive Summary from the “First International Study on Interim Management”