Interim management: now a permanent feature of the workplace Available to Purchase

More and more companies are employing senior interim Managers to handle short‐term assignments. The people who handle these fixed‐term contracts are senior, highly experienced managers, who have reached a point in their career where they feel confident to handle almost any challenge. The market is growing and is estimated to be worth £400m per year. Its importance is reflected in the establishment of a number of industry bodies, such as the Institute of Interim Management. Interims are often seen as troubleshooters, which they can be, but more and more companies are recognizing the importance of this senior resource to handle change and to spearhead new projects. It would seem that interims are here to stay, and with a recession on the horizon they could come into their own as a way of handling senior management challenges in a highly cost‐effective way.