What Is an Interim Manager? How Do They Add Value to the Organization?

Certain situations call for urgent and effective remedies. Whether it's an organizational crisis or a burning issue that requires specific management expertise, practicality and timeliness are top priorities, and regular HR hiring practices may not cut it. Have you considered hiring an interim manager?

Interim management is an effective and convenient solution with a significant return on investment if done correctly. Settling on interim management as a solution is one step in the right direction. However, getting an interim manager who has proven results and can deliver is tough.

Find out what an interim manager is and how hiring one can deliver value to your organization. 

What is an Interim Manager?

An interim manager is a temporary manager appointed to oversee an organization during transition. They are typically responsible for setting strategy and overseeing the organization's day-to-day operations while a permanent manager is hired or appointed. 

In most cases, they have significant experience in their field and are typically appointed for a specific time, i.e., six months or a year.

Duties of an Interim Manager

The responsibilities of an interim manager can vary with each organization, but typically include:

• Providing leadership and direction for the business while the regular manager is absent or unavailable.
• Setting and maintaining schedules for employees.
• Managing finances and ensuring that the business is operating within budget.
• Developing and implementing plans to improve the business.
• Communicating with employees, customers, and other stakeholders.
• Helping to smooth the transition from one manager to another.

Benefits of Using Interim Management

Interim managers offer several benefits that can positively impact the organization in the short-term and long-term. Here are some of the most common reasons why organizations choose to hire an interim manager:

Short-term Benefits

Using interim management can help speed up the process of reorganizing an organization. They can also help create a sense of calm and stability during times of change, which can help employees feel more at ease and less stressed. 

In some cases, interim managers can also help lead the organization through difficult transitions or crises.

Long-term Benefits

Interim managers can help an organization stay on track during times of change. They often have a lot of experience and knowledge about the industry or sector they work in, making them valuable resources for the rest of the organization. Interim managers also tend to be good at creating and maintaining relationships with other parts of the organization, which can help ensure smooth sailing during periods of growth or change.

Hiring interim talent can help improve organizational efficiency and performance. By taking on some of the day-to-day responsibilities of the CEO, interim managers can free up the CEO to focus on strategic planning and other leadership tasks. 

Additionally, interim managers often have a wealth of knowledge and experience they can bring to the table. This can help boost organizational morale and improve overall performance.

How To Get the Right Interim Manager for Your Business

Finding the right interim manager for your business can be a daunting task. There are a lot of candidates to choose from, and it can be hard to know which one is the best fit. 

First, you need to understand your organization's needs and the qualities you are looking for in an interim manager. You may want someone capable of managing day-to-day operations while you search for a new permanent manager. 

Alternatively, you may want someone with experience managing a team in a particular industry or field. Once you have a list of qualities you are looking for, you can start looking for candidates.

There are several ways to find the right interim manager for your business. You can look online or consult firms that specialize in finding top talent for interim management positions.

Another way to find candidates is to attend job fairs and networking events. Whichever you choose, ensure that you use the option that's reliable, accurate, and has proven results.

Conclusion

An interim manager is a perfect solution when your organization requires exceptional talent at short notice, minus the hassle of the traditional hiring process.

However, working with the right partner is crucial to ensure your organization gets the best and most effective interim managers available. 

Work with the best in the business, and propel your organization to greater heights. Ready to empower your organization with the right interim manager?

Get started today!