What is Interim Management? The Benefits of Hiring an Interim Manager

Author: Sam Latif

15.06.2022

Read time: 5 minutes

The role of an interim manager entails a lot of beneficial factors. For businesses, those who are looking to hire temporary employees to either momentarily fill the search gap or bring in an additional pair of hands to support the current team, an interim manager is the right choice.

The impact that an interim manager will have on a team is worth investing in.

What is an interim manager?

An interim manager is a temporary leadership role during a period of transition within a business. Employers often hire interim managers to help fill a position without much notice. Where internal employees may lack the specific requirements, an interim manager can step in to fill the role and mentor others around them. Though, in some circumstances, an internal employee can take over the role of interim manager depending on their skillset.

This role is often only contracted for up to 18 months depending on the company’s needs and requirements, but if the business is impressed with a particular interim manager, it may lead to a permanent managerial position depending on numbers.

The skills of an interim manager

As a highly qualified interim manager, it is essential to bring soft skills as well as hard assets to the table. There are several key skills that an employer will seek when beginning the search for an interim manager.

Leadership and mentoring

Interim managers are known for their ability to lead and support other employees by inspiring them to work above and beyond, take charge of team projects and advise on any business decisions. An interim manager with strong leadership and communication skills can take a business to new heights.

Communication

Communication is key – especially where interim management is concerned. Interim managers need the ability to communicate and collaborate with other team members to have any real impact within the role.

This comes with developing communication skills such as listening, advising, explaining, and receiving and providing feedback. Team members should feel comfortable discussing business needs with an interim manager, and communication should flow with ease.

Organisation

A management role requires interims to take charge where necessary – involving many organisational skills, such as scheduling tasks and recognising responsibilities within the team. Taking organisation skills seriously can help an interim manager lead with integrity, shining a light on their abilities to showcase to an employer.

Hard skills

Technical skills allow an interim manager to know the ins and outs of computer technology, to help themselves and support others. These skills are necessary for any role, but specifically for an interim management opportunity considering the project management requirements.

The benefits of hiring an interim manager

Interim managers can take control of critical projects with a skill set that may not be available to the company. Here are just some of the numerous benefits for businesses hiring an interim manager:

Flexibility and adaptability

Interim managers can quickly adapt to any business model and company culture without the need for too much onboarding or hand-holding. Their role is often expected to begin almost immediately on arrival, and they will have the ability to be flexible regardless of the circumstances at hand. Any challenges met by an interim manager are with confidence and security.

Cost savings in the long run

While the role can demand costly salary rates, hiring a full-time employee will involve many hidden costs that you may be unaware of initially.

Factors such as a pension, national insurance contributions and holiday pay are all required for a full-time role. An interim manager only requires payment for the days worked, with no additional costs to expect – helping businesses look for more resources to acquire help without a full-time commitment.

A fresh pair of eyes

When a team of employees work together on similar projects day-to-day, it is easy to become comfortable in a routine where nothing is challenged or progressing. Interim management will have the energy and motivation to boost employee morale and think harder about how the business can move forward.

Interim managers can bring a whole new viewpoint to the company, something that is taken seriously due to their well-rounded expertise. A fresh pair of eyes can encourage a business to work more efficiently than ever before.

A memorable experience for all

The right interim manager will leave a legacy that all team members will remember fondly. The time taken to lead, coach and mentor staff members is something an interim manager does incredibly well. With an array of skills brought to the table, team members will feel inspired by the interim management to learn more about how they can grow at the company.

How Morgan Latif can help

Our interim leaders provide a wealth of experience and a strong track record in delivering efficient and effective results. They align themselves quickly with organisation objectives, and our efficient onboarding process ensures a smooth transition. We have a specific pool of quality candidates to utilise for this solution. Get in touch with us today to find out more.