Across the economy, organisations are dealing with uncertainty and change.  Some are restructuring and dealing with the need to scale down their operations; others are innovating their way out of recession.  All are, necessarily, seeking greater agility in their operations.

Interim management provides that agility.

Interim managers are independent professionals each running their own small business and providing expert services to client organisations, as required: expertise on demand. 

The typical interim works full-time on a project for an average of six or seven months (although projects can be both shorter and much longer) before moving on to look for their next assignment.  Interims are often over-skilled for the project in hand.  They are hired to “hit the ground running” and to deliver agreed results quickly and effectively using valuable, specialist skills only for the period required.  By the nature of their work, interim managers bring breadth and depth of experience to a project and they transfer valuable skills into the organisation as part of the assignment.  According to the IIM’s latest annual survey, 74 per cent of interim managers are hired for their specific skills.

Interim managers also bring flexibility.  Using flexible resources means that organisations can innovate more easily; able quickly to kick-off a pilot project or a new venture and then to “off hire” those resources when the project comes to an end.  Valuable permanent staff are not distracted from core activities or put in jeopardy on high-risk projects.

What interims offer, then, is different in important respects from a traditional, “permanent” employee.  The way they are paid is also different.  The amount on their invoice is not salary but revenue out of which the interim must meet the costs of running their business: insurances, training, professional memberships, computer and other equipment, marketing, bookkeeping, travel and all of the costs that employees experience as benefits: healthcare, life assurance, pension etc.

Interims must also fund their own holiday, training and sick time along with the time spent seeking new assignments.  As an independent small business, an interim manager shoulders a degree of business risk that employees are shielded from.

A comparable employee cost, as any Finance Director will tell you, is not simply the employee’s annual salary divided by the days of the year.  The cost of placing an employee at their desk is easily between 60 and 100 per cent higher than the individual’s salary.  The employer has to bear additional costs for: pension contributions, life assurance, healthcare, annual bonus, car costs, employers’ National Insurance, other employee benefits, training and equipment costs. 

This significantly higher, true cost then needs to be divided not by 365 but by the actual number of working days available; i.e. net of weekends, public holidays, annual vacation, an average of eight sick days per year and a similar amount of training days.  The resulting availability is around only 212 days, some 42 per cent lower.

Taking the true cost per available day of an employee gives a more realistic comparison with the cost of an On Demand interim manager.  Even without allowing any premium for getting the exact skills required for the exact period needed, the true cost of a ready-skilled and equipped interim manager, on the job “right here, right now” compares extremely favourably with that of an employee.

Interim management is a very different proposition from traditional employment.  It offers precisely targeted expertise on demand, enabling innovation and flexibility across the economy to the benefit of tax-payers and shareholders everywhere.  We must not lose sight of this difference nor of the value it represents.

END

About the Institute of Interim Management

Founded in 2001, the Institute of Interim Management (IIM) is the pre-eminent professional body for practitioners of Interim Management in the UK.  The IIM is the voice of the Interim Management profession and the Institute’s focus on professional development, best practice sharing and accreditation ensures that the IIM and its members represent the provision of professional, accredited expertise on demand.  For further information, please visit the IIM’s website: http://www.iim.org.uk/.

IIM PR Contact:

Andrew Munro, Director, PR & Comms.

Phone: +44 7801 881347

E-mail: Andrew.munro@iim.org.uk

Other IIM Contacts:

Tom Brass, Director, Public Affairs

Phone:  +44 7768 890970

E-mail: Tom.brass@iim.org.uk

Ad van der Rest, Co-Chairman

Phone: +44 7793 593862

E-mail: Ad.vanderrest@iim.org.uk

Hilary Husbands, Co-Chairman

Phone: +44 7739 391991

E-mail: Hilary.husbands@iim.org.uk 

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Nigel wrote: 

I’m happy to announce that I am now working with one of the leading providers of interim management solutions, Alium Partners.  Alium is a respected and well-established firm in the interim management space, having an impressive track record of helping organisations through transformational change, and with an experienced team of function and market sector specialists. 

 My primary focus at Alium is the Retail & Consumer sector, specifically covering:  Food & Beverage;  Personal & Household Goods;  Retail;  and Travel & Leisure.  It would be good to reconnect with you in my new role.  I can also acquaint you with one or more of my colleagues at Alium, who you may wish to get to know better.  My new contact details are at the foot of this email. 

 Many organisations are in the process of significant change at the moment, as we all face the challenges of a difficult economy.  If you have need of senior interim management resource, or if you know of someone else who does, please let me know.  Alium is almost certain to be able to help in some way – and much more cost effectively than if you were to use a major consultancy firm. 

 We wish Nigel well in his new role. 

Not only that, but interim HR executives are perfectly placed to carry the flexible resourcing message deep into organisations: those who represent HR expertise on demand can be both advocate and case-study.

The article includes insights from IIM co-Chairman, Ad van der Rest:

http://www.peoplemanagement.co.uk/pm/articles/2012/01/interim-management-express-delivery.htm

HRZone.co.uk has an article challenging HR Directors to embrace interim management and other forms of contingent resourcing. 

By taking a strategic lead, HR will deliver greater agility to their organisations: http://www.hrzone.co.uk/topic/strategies/will-gig-economy-be-death-hr/115702.

The Institute of Interim Management (IIM) simplifies life for interim managers across the UK with today’s publication of the Interim Managers’ Guide to Service Providers 2011.

Available as a free download from the IIM’s web-site, the guide is a unique resource that profiles the Top 40 Interim Management Service Providers giving details of the sector and role specialisation of each firm along with contact details.

The guide also provides expert advice for interim managers on how best to build and maintain relationships with service providers.

According to the IIM’s recent Interim Management Survey 2011, service providers handle 49 per cent of all interim assignments (the others being direct, client to interim contacts) and in three quarters of those cases, the interim manager is contacted by a provider with whom he already has a relationship. 

Ad van der Rest, the IIM’s co-Chairman worked closely with service providers and the interim management community to agree the guidance and advises: “Building relationships with interim service providers has to start with a ‘win-win’ approach.  If interim managers market themselves professionally to the most appropriate service providers, then we make best use of everybody’s time and take the first steps in establishing enduring relationships of trust.”

 The IIM Interim Managers’ Guide to Service Providers 2011 can be downloaded free at: http://www.iim.org.uk/guide/ .

About the Institute of Interim Management

Founded in 2001, the Institute of Interim Management (IIM) is the pre-eminent professional body for practitioners of Interim Management in the UK.  The IIM is the voice of the Interim Management profession and the Institute’s focus on professional development, best practice sharing and accreditation ensures that the IIM and its members represent the provision of professional, accredited expertise on demand.

For further information, please visit the IIM’s website: http://www.iim.org.uk/.

IIM PR Contact:

Andrew Munro, Director, PR & Comms.

Phone: +44 7801 881347

E-mail: Andrew.munro@iim.org.uk

Other IIM Contacts:

Ad van der Rest, Co-Chairman

Phone: +44 7793 593862

E-mail: Ad.vanderrest@iim.org.uk

Hilary Husbands, Co-Chairman

Phone: +44 7739 391991

E-mail: Hilary.husbands@iim.org.uk  

According to Gordon Whyte, head of HR interims at Archer Mathieson

Read more: http://www.hrzone.co.uk/topic/strategies/outlook-improving-still-uncertain-interim-hr-managers/114679#ixzz1bKrSuRfW

You can read this article after free registration on the HRZONE site.

Join the forum discussion on this post

 The UK-based Institute of Interim Management exports the concept of Expertise on Demand, announcing today the establishment of IIM Canada.

The Canadian branch was established by Roelf Woldring, an experienced interim executive and business turnaround expert who acknowledges that the interim management concept is still quite new there: “Canadian firms are beginning to understand the economic benefits and the business results that come from engaging proven, experienced, interim managers.”

With support from the board in the UK, IIM Canada will represent the voice of interim management, promoting the profession and establishing education and accreditation opportunities across the country.

Co-Chair of the IIM, Hilary Husbands:  “There is a terrific opportunity to develop the role of interim management across Canada.  I am really excited about working with Roelf and his advisory board to build IIM Canada and share the UK’s ten years’ of experience.”

Fellow co-Chair, Ad van der Rest:  “Interim Management’s expertise on demand makes a major contribution to enabling a flexible economy.  I am looking forward to helping IIM Canada to establish a thriving community of professional, career interims.”

The IIM also has a branch in Italy and is currently looking at other opportunities for international expansion.

About the Institute of Interim Management

Founded in 2001, the Institute of Interim Management (IIM) is the pre-eminent professional body for practitioners of Interim Management in the UK.  The IIM is the voice of the Interim Management profession and the Institute’s focus on professional development, best practice sharing and accreditation ensures that the IIM and its members represent the provision of professional, accredited expertise on demand.

For further information, please visit the IIM’s website: http://www.iim.org.uk/.

About IIM Canada

Established by Roelf Woldring, IIM Canada will be overseen by an initial advisory board consisting of:

• Christopher Barry – an established, senior, interim CEO
• Martin Buckland – one of Canada’s foremost executive career experts
• Larry Cooper – founder of the Toronto Financial Network
• Darlene Frampton – experienced interim communications and fundraising executive
• Dale Reeson – Vice-President, Human Resources at Sobeys Inc.

IIM PR Contact (UK):

Andrew Munro

Phone: +44 7801 881347

E-mail: Andrew.munro@iim.org.uk

IIM PR Contact (Canada):

Darlene Frampton

Phone: +1 647 523 0274

E-mail: dlframpton@sympatico.ca

Other IIM Contacts:

Ad van der Rest                                           

Co-Chairman

Phone: +44 7793 593862

E-mail: Ad.vanderrest@iim.org.uk

Hilary Husbands

Co-Chairman

Phone: +44 7739 391991

E-mail: Hilary.husbands@iim.org.uk 

Roelf Woldring

Founder, IIM Canada

Phone: +1 416 427 1567

E-mail: woldring@wciltd.com

 The Institute of Interim Management, the UK’s pre-eminent professional body for practitioners of Interim Management, has further expanded and strengthened its board with the appointment of Andrew Munro as a director. 

A Chartered Management Accountant by profession, with a background in the technology sector, Andrew specialises in ideas, words and numbers.  Through his company, Burning Pine, he supports organisations in developing their strategy, business plans and messaging. 

Having a particular interest in the evolving world of work, Andrew is delighted to be working with the Institute.  He says, “Supporting and representing those who provide business expertise on demand is a critical step towards enabling the flexible economy.  I’m very excited
to be working with Hilary, Ad and the rest of the IIM board in delivering this.”

Andrew holds an MBA with Distinction from Edinburgh Business School.  He is also a trustee of the Ménière’s Society (the UK’s leading charity devoted to balance disorders) and a member of both the Institute of Consulting and the Institute of Directors.

The IIM has been the voice of the Interim Management profession for ten years.  Its board of directors consists of:

•  Hilary Husbands, co-Chair
•  Ad van der Rest, co-Chair
•  Tom Brass, Public, Legal and Regulatory Affairs
•  Tony Evans
•  Andrew Munro, PR and Communications
•  David Pugh, Secretary and Treasurer
•  Nick Winton

About the Institute of Interim Management

Founded in 2001, the Institute of Interim Management (IIM) is the pre-eminent professional body for practitioners of Interim Management in the UK.  The IIM is the voice of the Interim Management profession and the Institute’s focus on professional development, best practice sharing and accreditation ensures that the IIM and its members represent the provision of professional, accredited expertise on demand.

For further information, please visit the IIM’s website: http://www.iim.org.uk/.

IIM PR Contact:

Andrew Munro

Phone: +44 7801 881347

E-mail: Andrew.munro@iim.org.uk

Other IIM Contacts:

Ad van der Rest                                           

Co-Chairman

Phone: +44 7793 593862

E-mail: Ad.vanderrest@iim.org.uk

Hilary Husbands

Co-Chairman

Phone: +44 7739 391991

E-mail: Hilary.husbands@iim.org.uk 

Parkhill will continue to provide recruitment and interim services for the benefit of the NHS and the wider public services. The Executive Resourcing service will operate as a division of Parkhill, retaining its existing base at Parkhill’s head office and be staffed by the same team. HFMA are reviewing their involvement in the recruitment market and the services they provide in that area.  They are expected to announce their future plans in the Autumn.

 Speaking on behalf of Parkhill, Chief Executive Ivan Doncaster said ‘We thank the HFMA for the support they have given us to date, now the timing is right for both organisations to move ahead with their individual plans.  We continue to work closely with HFMA as a founder member of the Corporate Partner initiative and we remain very committed to the aims of the Association’.

 Mark Knight, HFMA’s Chief Executive said ‘I wish Parkhill all the very best for the future, we have enjoyed working with them on the development of recruitment services.  We look forward to continuing to work with members of staff from Parkhill as both committee and corporate partnership members”

Parkhill is a leading assurance provider with a unique ethos.   As well as providing Interim Managers, we support our clients to achieve excellence through first class assurance services which ensure optimal use of public resources. From our origins as an in-house NHS internal audit service, Parkhill has grown to be one of the largest public sector audit and assurance specialists in the UK.

020 8869 7400

www.parkhill.org.uk