The question that often arises is – what does the future hold for Interim Management? Let’s break it down…
The Changing Landscape of Global Economies
In the face of inconsistent global economies, shifting geopolitical environments, and the growing integration of Artificial Intelligence, the strategy, structure, and execution of business models are constantly evolving. Interim Management, with its inherent adaptability, is an ideal solution for businesses needing to adjust or transform.
The Dilution of Interim Management
Over time, I’ve observed a dilution in the perception of Interim Management. The key element of this dilution is the removal of the term “management”, reducing the product offering to simply “Interim”. This encourages a misinterpretation of the seniority of an Interim role, often leading to conversations about “Temp and Interim”, which broadens the scope to include anyone not seeking a permanent role.
Understanding the Value of Interim Management
Interim Management and Interim Executive roles offer clear expectations – seniority, leadership, management experience, strategy creation and execution, coaching, transformation, or change management experience, and more. When considering engaging an Interim, clients need to understand the toolkit, impact, and cost associated with hiring an expert with a proven track record.
When the conversation revolves around “Temp and Interim”, cost often becomes the primary driver. However, when the focus shifts to the project, cost becomes secondary. This highlights the recognition of the value of experience and the difference in quality.
The Future of Interim Management
So, what does the future hold for Interim Management? In my view, a world of opportunities! Interim Management will play a crucial role in the global economy in the coming decade and beyond. The demand for instant access to experience and knowledge that can shape, change, drive, and develop businesses will only increase as consumer habits evolve, economies fluctuate, and global events become more frequent.
Leaning into Interim
I foresee a shift towards the gig economy, driven by the transient preferences of the growing workforce. This will lead to a more project and programme-focused global workforce, where “permanent” roles will transition to initial 2-3 year contracts with a review to extend in the final year.
In summary, the future for Interim Management is bright. The ability to access high-impact, experienced, and verified trusted advisors on demand, in an operational, strategic, or advisory capacity, is an evolution waiting to happen.
To learn more about how Heads Resourcing Group can help you lean into Interim, please get in touch.
