An article in Gulf News titled Stress of Interim Management, discusses how hiring an interim executive can help a company during a period of organizational change.

“The practice of hiring temporary managers (or head-renting) is aimed at relieving the potential problems inherent in major organisational change. It provides professional leadership management through a transitional phase by experts carefully selected for compatibility with a particular corporate environment. In exchange for the admittedly high cost, you are meant to enjoy a win-win situation. Interim managers are not only exceptionally well-qualified in their speciality, but also in the interim role itself, being able to steer you confidently towards a given objective within the necessary timescale.”

One of the advantages of hiring an interim executives is that they can fill a vital role at a crucial time for the organization. A company can not afford to be leaderless for an extended period of time, while they seek a permanent replacement. In industries with a tremendous level of competition, the cost of inaction is too high, and can result in the competition closing the gap or stealing valuable market share. Interim management is one solution to making sure that a company thrives during a period of executive transition or organizational change. The interim executive can step in immediately to lead important initiatives or develop a winning strategy for growing sales. Having an interim executive provide leadership, while HR seeks a permanent replacement for a vacant executive position, can prevent a drop in revenue or market share during the transition between leaders. Like the article says, interim executives often possess a rare expertise in their specialty which can be a tremendous asset to a company with a specific problem, such as improving sales process and methodology, developing a sales strategy, or implementing a new sales compensation plan. For experts in these areas and more, check out interim management company OneAccord.