Senior Interim Management is a method wherein a senior executive is hire for a contractual basis. A senior interim manager is given management tasks for a temporary period of time. He will be responsible in overseeing all the functions in the business such as production, staffing, quality control, and all other sectors in the establishment. Though it is only a temporary, the position is considered to be significant since he has the overall control in all departments as well as the overall movement of the business. Senior interim management is a risk-free recruitment method. There is no need for too much financial commitment and you are only paying for each day worked.
Senior Interim Management is necessary to provide leadership and consistency on the establishment as well as to modify all the existing strategies that are already in place. The senior interim managers are expected to have full responsibility in the establishment. They must have good leadership skills and directly reports to the company. They are expected to give recommendations as well as to implement strategies base on practical experience. They are also responsible for teaching and mentoring of the other staffs in the company. Since senior interim managers are given the full responsibility and control, the success is very dependent on the manager’s ability and experience. Some don’t have enough knowledge on the technicalities of some company. Thus, proper interim and executive recruitment should be done to minimize the risk of unsuccessful strategies.
Interim managers are considered to be the all-in-one project manager and a working senior executive. They are basically hired to fill in immediately the critical staffing gaps that sometimes cannot be found with the permanent employees. Thus, interim and executive recruitment is very crucial. You have to make sure that the senior manager you have in your company can successfully deliver the task you wanted him to be done.
Interim managers are sometimes called as consultant. However, there are differences between the two. Unlike consultant, senior interim managers performs actual hands-on base on the strategies they formulated. They are very loyal to the company’s objectives and profitability and not on the consultancy’s objectives. Also, senior interim managers are very flexible. Above all things,senior interim managementis considered to be more cost-efficient compared to having a consultant. However, there are also similarities between the two. Both, consultant and interim manager possess the knowledge and are capable of making strategies. They both have the ability to fast-track a critical project.