Published on March 31st, 2014 | by Chris Lain2
Hiring an Interim Manager? Speed is the Essence Today!
Following on from his popular blog article on candidate etiquette in the interim market, Head of Resourcing Chris Lain gives his thoughts on what clients who need to hire an interim manager should be doing in order to succeed in a rapidly changing business environment. Read Chris’ opinions below:
A Better Economy to Hire an Interim Manager
The economy is definitely looking brighter – and it’s not just the politicians saying that – the figures speak for themselves. Inflation down, wages up, unemployment down – it seems to me that the recovery is well and truly underway. While I can say that we are seeing signs of this at Alium, with more interims out than ever before, just as with candidates in my previous post, I have found the correct client behaviours are essential if you want to hire the right interim talent.
Time and Choice: Not on your Side when you hire an Interim Manager
It may sound harsh, but I would say the reality of today’s business environment is very different from that of even just a year ago. In the past, I noticed clients who came to us were aware it was a buyer’s market. They had time to pick over the choices presented. However, since the beginning of this year especially, taking a little longer than usual to come to a decision is no longer an option as demand for candidates increases. I have a number of examples of clients missing out on preferred candidates recently for this very reason. If you want to hire an interim manager, you have to act decisively in my view.
A Changing Market in the Interim Management Recruitment Landscape
In conjunction with this pick - up in demand is also the evolving nature of the interim industry. Our interims are now much less likely to be hired for crisis or last minute departures, and rather for more positive reasons such as business growth, transformational change and exploring new markets. For example, we have seen a considerable rise in the number of sales appointments across both large and small firms as companies chime with the economic recovery. So in this fast moving market what do clients need to do to succeed?
Well, to hire the interim manger you want, I feel you should:
- Be certain about your requirement – why does your business need this resource?
- Be responsive – for the sake of your business, the interim and the provider of course!
- Be decisive – make informed decisions, engage quickly. Interims today often have other options
- Be concise – when interviewing and assessing, try and make the process as streamlined as possible, involving all key stakeholders.
If you follow this approach to hire an interim manager, I feel you will see success.
Have you tried to hire an interim manager only to see them slip through the net? Do you agree with Chris’ thoughts on demand in the interim management market? What are your experiences? Please write your views below and join the discussion.
Photo Credit: Minerva Studio