When you engage a leader on an interim basis, you are filling a vital role for your business. You need insight, action and expertise from someone capable of leading, managing, growing and developing successful businesses. There are four clear stages to an interim partnership;
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Pre-engagement :: meet to agree objectives, milestones, terms of engagement, levels of responsibility, reporting on activity, measurements of activity and results. Free of charge.
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Kick off :: meet with all internal stakeholders and colleagues, agree an integration approach, diarise reviews with senior stakeholders, handle any concerns or objections. One day at agreed charging rate.
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Engagement :: with regular reviews of progress, using the agreed measures and a risk management reporting approach. I am also very happy to advise on and execute succession management and handover to a permanent post holder. Per the agreed charging rate.
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Post-engagement :: meet to wrap up engagement, review actual performance against agreed targets, consolidate a lessons learned and outstanding risks log, handover all reporting and any other agreed close down activities. Free of charge.
Short-term contract, long-term impact
Whether my assignment is for 1 month, 3 months or as long as a year, at the end of my tenure I will hand on (maybe even find for you) to the long-term role holder, leaving you with pre-agreed deliverables and a transition report.
Even in a short engagement I will add value to your business, not just the results of my work on performance, structure or culture, but also in the capability and engagement of the people and teams I coach and mentor, I lead and develop teams and individuals who;
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Deliver targeted & rapid improvement.
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Leverage their industry or role-specific expertise.
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In a hands-on style.
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Take control immediately – so make an impact immediately.
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Are fully accountable to you.
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Have no political baggage.
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Transact in a transparent and consistent manner.
How I add value
The financial benefits of an interim manager may be gauged solely in terms of the recruitment process: there is no search fee, a simple daily rate, no addition to the fixed payroll and no termination costs. Whilst these benefits are undoubtedly attractive in themselves, they overlook the significant impact on results that an experienced and successful senior interim executive can bring to any major project, whether through investments in organisations, people or physical assets.
Research shows that, again and again, interim leaders successfully improve business performance, generating many millions of pounds in profit and focussing your investment, generating a return that far outweighs their fee.
Unlocking the Monetary Value of Hiring an Interim Leader
Leadership transitions are inevitable in the business world. When a senior leader departs, it can create a void that, if left unaddressed, may result in financial setbacks. This is where the monetary value of hiring an interim leader becomes evident.
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Continuity of Operations :: One of the most immediate benefits of bringing in an interim leader is the continuity of operations. Projects, strategies, and daily functions can continue without major disruptions. This means that revenue streams aren't interrupted, and client relationships remain stable. In essence, you're safeguarding the financial health of your business during a vulnerable period.
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Efficient Decision-Making :: Interim leaders often come with a wealth of experience and a fresh perspective. They can make swift decisions and provide guidance, ensuring that the business doesn't stall due to indecision. This efficiency can lead to cost savings and optimized resource allocation.
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Retaining Talent :: Losing a senior leader can sometimes trigger a talent exodus. Colleagues may fear uncertainty and choose to leave, resulting in recruitment and training costs to replace them. An interim leader can provide a sense of stability, reducing the risk of further departures and associated expenses.
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Protecting Reputation :: Your business's reputation is invaluable. When leadership changes occur, stakeholders, including customers and investors, may become concerned. An interim leader can reassure them that the organization is well-prepared to weather the transition, preserving trust and the value of your brand.
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Targeted Expertise :: Interim leaders can be selected based on their expertise in the specific challenges your business faces. Whether it's a financial crisis, a technology overhaul, or a change in market dynamics, these leaders can provide targeted solutions that prevent financial losses and promote growth.
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Cost-Effective Solution :: Compared to the expenses associated with a permanent hire, hiring an interim leader is often a more cost-effective solution. You can avoid long-term salary commitments, benefits, and severance packages while still benefitting from experienced leadership.
While the cost of hiring an interim leader may seem like an additional financial burden, it's crucial to view it as an investment in maintaining the monetary stability and growth potential of your business. The ability to weather leadership transitions efficiently and effectively is a testament to a company's resilience, and the monetary value it preserves is immeasurable. In the competitive business landscape, the decision to hire an interim leader can be the difference between thriving during a transition or suffering financial setbacks. It's a strategic move that safeguards your business's future while ensuring it continues to operate smoothly in the present.
Continuing to add value after completion
The impact of my work with you will continue long after I leave. I will provide a smooth handover at the end of my tenure, embedding the changes in your organisation, developing your managers, instilling new ways of working and leaving colleagues with ongoing development targets.