One of the most significant re-sourcing tools around today, interim management enables a company to implement change, fill unexpected gaps in its management team or manage a highly specialized project while avoiding the creation of a permanent position. A plug and play solution, designed to allow companies cut the high costs of permanent hiring, while maintaining a core management team that is lean, highly skilled yet can still draw on other skills as and when needed. Simply defined, Interim Management is the short-term employment of highly experienced executives to manage transition, crisis, change or a project in a company.

There are a number of different business situations that could result in the need for an Interim Executive placement. Typically, these could be one or more of the following:

Crisis management
Sudden departure
Managing change or transition
Mergers and acquisitions
Project management
Management of expansion
Company relocation

With Interim Executives, companies can reduce costs and other resource allocations associated with hiring, maintaining-and then downsizing-managers whose specialized expertise may not fit long-range business needs.