the benefits of becoming an interim executive.

19/01/2019

The demand for interim management is at an all time high as companies struggle to fill temporary roles for executive positions or to fill critical gaps that have just emerged, when permanent employees cannot be sourced quickly enough. Many interim executives who approach the role will often be called ‘consultants’, but they differ from consultants as they offer a more hands-on approach to their day-to-day operations while some consultants work silently in the background. We will take a look at why interim management jobs makes a great career option for those with executive potential.

The benefits of working as an interim executive

Flexibility
One of the most promising traits of interim management is the fact that it is very flexible. Candidates are free to take on tasks as they choose; often choosing to stay on projects for as long or short of a duration as the situation dictates, which allows interim managers to experience corporate life in many different businesses and companies of all different sizes. While the majority of interim managers will gravitate towards some of the largest companies that are advertising positions, that does not necessarily mean they are limited to the big names in business. They may, instead, choose some of the smaller names in business in order to give themselves a more diversified perspective on the business world. This could ultimately prove advantageous when interim executives choose to settle down in one particular corporate structure. 

Network growth
Interim managers will also find that there is an unrivalled opportunity for them to grow their professional networks. When working on temporary assignments, it is often recommended that employees ‘work the room’ per se and reach out to permanent employees around them. These contacts could prove useful for future information sourcing, or even future employment. Candidates should work towards keeping amicable relationships with these contacts and not just be involved when they are looking for work. This will ensure the relationship ultimately lasts longer.

Specialisation
By taking on temporary positions, candidates will be able to take a look at how businesses operate at different structural levels. While interim executives will always be taking on a high-profile management position, the actual hierarchy of the business is likely to change depending on the size of the company itself. This will allow interim managers to choose what fits them best after taking on a variety of assignments. It will also allow them to choose what sort of sector they would prefer to work in: whether it is a public or private sector position, what type of structure offers them the most personal versus professional reward, and other traits of this nature. It is only through this sort of temporary approach that they will be able to experience the diverse working world as quickly as possible.