An interim manager enables you to harness the skills of a highly experienced person to fulfil the needs of your business at a particular moment in its life.
Typically, an interim director or manager is employed for a number of different reasons:
- An interim manager can be used at a time of crisis to turn around a failing service or business. They may offer expertise to a challenged management team. This could mean bringing sound financial management or wise counsel to a business that has lost its way as well as the ability to tackle issues such as grievances, poorly managed commercial relationships, broken procurement/supply chains or problems with internal relationships.
- Interim managers may be brought in at a time of change for a business. Start-ups, new business development, mergers/acquisitions or restructuring within a company are all productive areas for a skilled interim manager.
- Equally an interim manager or director can give a business some breathing space during the recruitment of a permanent executive or a period of temporary absence of an existing executive.
- Many clients who are seeking to improve or innovate take advantage of the specialist cross-sector skills interim managers offer to develop new products and services. For example, for a business looking to develop higher margin generating fresh revenue streams instead of low margin commodity lines, bringing in a retail commercial expert may be the right solution. Thinking of outsourcing your HR? Then hiring someone who has done it before makes sense, but it’s unlikely you’ll need them forever. Indeed, in our opinion, the most effective use of interim management is when it is deployed in a focused and controlled way with outcomes and timescales clearly defined and managed. Thus saving you money but creating an excellent return on investment from the interim process.
Redfox Interim has a track record that is second to none in sourcing the right interim manager for the job. We develop an expert understanding of clients’ business culture so that we place interim managers who fit in well and make a difference from day one. We have a tried and tested methodology for matching the right executive to each assignment and this has been re-paid with exceptional loyalty from our existing interim managers and clients.