Hiring an interim manager can offer several benefits for your company. Interim managers are experienced professionals brought in temporarily to address specific challenges or provide expertise in a particular area. Interim managers can be hired to help on short-term projects or to cover roles that need temporary cover due to someone leaving the company. Join us on a journey to uncover some of the key benefits of why more companies are turning to interim managers as valuable assets for growth and resilience.
The Immediate Impact
A vital trait of an interim manager is confidence; they take every task in their stride no matter how daunting that job may be. Due to their extensive experience, they can understand an issue with minimal time and then take over the case efficiently.
Finding The Perfect Interim Manager For The Job
It can be hard to identify where you will be able to find the perfect interim manager, many different interim management services like Savannah Group make searching for one all the easier. Savannah use a unique combination of data and analytics that ensure that they find the most suitable candidate.
A Cost Effective Hire
One of the most significant benefits of hiring an interim manager is how cost-effective the hire will be. When hiring a regular employee, many things are connected, such as a long-term salary, bonuses and benefits. With an interim manager, this is different. Once bonuses, NI contributions, holidays, pension, health and company car benefits are added to the salary, an executive on £100,000 costs more like £175,000. An interim manager includes none of these additional costs, which is a immense plus.
Being Overqualified In Most Instances
Moreover a benefit of hiring an interim manager is that due to their vast experience, more often than not, they will be overqualified for the task in hand, so they will require much less training than a regular employee as they have experience using multiple tools throughout their years of experience. Most importantly you instantly have confidence that they will be able to perform each task to a great level with minimal supervision.
A Better Alternative To A Consultant
Some see interim managers as a powerful alternative to management consultants. As soon as a interim manager starts a project, they will have the project skills of many project managers. Still, they will also have a broad range of management skills to make sure their whole team are working efficiently and to the best of their ability.
To summarise, the benefits of bringing in an interim manager can significantly impact the trajectory of a business. From injecting fresh perspectives to navigating through times of change, bringing in seasoned professionals who bring a wealth of experience goes a long way firstly for the short-term future of the business, but also the long-term success as these experienced managers will be able to train other members of the team and in turn progress your business further than ever.
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