Interims are usually appointed at senior management level to help with major change and strategic development programmes on a short-term basis. Roles can range from interim Chief Financial Officers and Chief Operating Officers to senior Risk Managers and Sales and Marketing Directors.
Interim Partners, however, explains that in the last five years, interim managers have been much more focused on driving efficiency, cost-cutting, restructuring and project management as businesses concentrated on surviving the recession.
Their figures reveal a fivefold increase in the proportion of rapid growth briefs since the end of 2009 (when just two per cent of interim mangers were hired with a high growth remit), reflecting a more positive business outlook as the economy begins to recover.
One of the key areas to benefit has been sales and marketing, where there have been fewer opportunities for interim managers in recent years, but these kinds of job opportunities are likely to increase as confidence in growth strengthens.
Adam Kyriacou, Partner at Interim Partners, explains that as we pull out of recession, we have seen a noticeable shift in requirements in terms of what companies need from an interim manager. While there is still strong demand for highly skilled and experienced interim managers to make businesses leaner or to deliver specific strategic projects, there is also now a growing emphasis on using their expertise to achieve rapid growth.
Companies which have weathered the downturn are now eyeing opportunities to boost their revenue and build market share for the first time in years. The pace at which businesses are looking to extend their customer reach or expand their products and services means that interims are best placed to deliver. Its their job to hit the ground running, provide a fresh perspective and bring their breadth of experience to bear in order to attain dramatic results in a relatively short space of time.