Interim managers are highly-skilled, senior-level professionals who have industry-specific knowledge, are tech savvy and can help a wide range of projects in many ways. Interims tend to shape their careers by choosing assignments that play to their strengths, so you can find many interim managers who specialise in a particular type of large-scale project like mergers and acquisitions, systems implementations and integrations, crisis management, business transformation, cost reduction and resource allocation improvement, and much more.
Interim managers are clearly valuable and knowledgeable resources. However, aside from the above projects that interims can help with, there are also certain types of unexpected ways that your business might benefit from the support of an interim manager.
Signs your business needs interim management services
Sign #1: A long-term project has lost momentum
Whether due to a lack of internal resources, skills, manpower or scope creep, projects can often get off track or lose momentum causing a silo of work that can seem insurmountable. It can be very difficult for an internal employee or manager to try and get the project back on track. When you can’t see the wood for the trees you can’t discern the most beneficial choices to achieve the desired end goals for all the hard work and time that’s already been put in.
Interims are experienced in being able to join a project, assess its previous tasks and objectives and formulate an agile strategy to get it where it needs to go, galvanising internal resources and adding drive and dynamism to the project helping it to stay on track and achieve realistic deadlines.
Sign #2: You need someone to step in and manage business as usual
Often when large scale projects are implemented, an internal senior-level employee will be required to leave their usual duties to head up a team and have a new acting role, like ‘Integration Manager’. When this happens, organisations need someone who can step into the original senior role quickly and efficiently, taking charge of the day-to-day running, managing a team or department’s outputs and ensuring healthy business operations.
Interim managers are very good for this kind of skills requirement; they are able to take stock of a situation quickly and often have experience doing similar assignments enabling them to adapt quickly to internal systems, processes and project management.
Sign #3: A senior-level executive leaves unexpectedly
Unfortunately, the unexpected will always happen. Having a strategy in place to help you cope with the sudden and unexpected, like a senior-level employee leaving the company or needing to take a leave of absence for their health, etc., will help you lessen the level of disruption this has on your business. Having a strategy in place to deploy qualified and trusted interims quickly will save you time and money when looking to hire a permanent employee at this level, or may result in a more efficient resourcing mix including a combination of permanent and interim staff allowing you to scale up and down with the in-demand skills as and when you need them.
Interim management service providers:
Although all three of these scenarios can be supported by using interim resources, their success will depend on picking the right kind of interim manager, taking into account their experience, industry knowledge and technical skills. This can be hard to do internally using an organisation’s own resources.
Interim service providers have entire networks of qualified and specialist interim managers they can leverage quickly to offer fast solutions. Oakwood Resources can help to accelerate your business requirements by sourcing interim managers who are assessed based on their skills, experience and industry knowledge and who can work alongside you to deliver successful outcomes.