Interim Management

Interim Management

When a company needs to fill a management role quickly, they might appoint a temporary—or interim—manager.

• What is an interim manager ?

  An interim manager acts as a temporary leader during periods of change or transition within the company. Typically, employers hire or appoint interim managers in order to fill a position on short notice. Companies may look for external candidates for an interim management position if there are no internal employees that meet the qualifications.

  The interim manager may fill the role for up to 18 months or longer depending on the company's needs. Working in the role of interim manager can be beneficial for advancing your career and can sometimes lead to a permanent managerial position.

• Interim Management is the provision of senior executives to manage change or transition on a short term basis. The concept is prevalent in mature economies and is upcoming in India. More and more professionals today are open to exploring short-term high level engagements rather than committing themselves to one organization.

• Interim management involves highly strategic assignments entrusted to executive leaders for a set period of time. Interim management draws on a pool of highly experienced candidates with managerial experience in key positions at large international groups.