Interim Management has developed rapidly over the last few years, consequently many people are coming across the service for the first time. This invariably raises questions, here are some of the most frequently asked.

1. What is Interim Management?

   • Interim Management is the temporary provision of additional senior management resources, when and where they are needed, without long-term obligations, at an optimal cost.

2. How do InterimExecutives SA compare to Executive Search firms and to Management Consultants?

   • Interim Management is today widely recognized as a flexible solution, quick to implement and very efficient in various situations.

   • It does not compete with Executive Search nor with Management Consultants and is often complementary.

   • The table below highlights some of the major differences between these businesses:

   • 	Interim Executives SA	Executive Search Firms	Management Consultants
     Time to Market	1-3 weeks	several months	1-4 weeks
     Mission	Implement Change	Look for best candidate	Analyse problems
     Outcome	Solution in place	Permanent hire on-board	Recommend solution

3. Who are Interim Managers?

   • Typical Interim Managers are individuals who selected Interim Management as a professional career. In other words they are not in between jobs, and are therefore fully dedicated to their assigned mandate.

   • Highly educated individuals with several years of management experience in similar functions or situations, they are pragmatic, down-to-earth managers, used to make on-the-spot decisions.

   • Finally, the Interim Managers we work with are carefully selected and best qualified for each assignment

4. When do companies need an Interim Executive solution?

   • Typically companies consider an interim solution in the following cases:

     • Project Management

       • Implementation of a new technology

       • Implementation of a new strategy

       • Expansion into a new market

       • Factory relocation

       • Start-up or closing-down of a division

       • Handling of a new activity or an atypical project

     • Gap Management

       • Sudden loss of a senior executive

       • Organisational changes

       • Overstretched Management

       • Management of rapid growth

       • Management of a start-up

     • Change Management

       • Going through a merger, de-merger, or acquisition

       • Rationalising, downsizing, or restructuring

       • Management of a crisis

       • Embarking into a major program of cultural change within the organisation

5. What industry does InterimExecutives SA specialise in?

   • InterimExecutives SA do not specialise in any particular industry as the experts we work with come from various backgrounds in all industry sectors.

   • They have the right caliber to fulfill all executive and senior operational management positions within their field of expertise.

6. How long does it take for an Interim Manager to be operational?

   • The Interim Managers we select for a particular mandate would have had several years of hands-on experience in similar industries or situations.

   • They are immediately operational from day one. As a matter of fact our clients often benefit from our Interim Manager's experience before the mandate actually starts, when we involve him/her during the preparation phase.

7. What is the cost of an InterimExecutives SA solution?

   • Fees vary depending on the complexity of the project, the level of the manager, and the length of the mandate. Clients are charged a previously agreed upon daily rate plus usual out of pocket expenses such as travel and accomodation where required.

   • Our fees compare favorably  on a day to day basis with the cost of an equivalent permanent executive when taking into account the associated recruitment costs, social charges, potential "golden parachutes", etc.

   • A unique advantage of the InterimExecutives SA solution  is also the flexibility to change the scope of the Mandate or the Interim Manager during the course of a mandate at any time.

8. How are Interim Managers selected for the mandate?

   • During the first phase of the project InterimExecutives SA and the Client define the requirements together, set clear and measurable goals for the mandate, and elaborate the most appropriate profile of the required Executive.

   • We then select from our pre-screened pool of independant Interim Managers who are recognised experts in their fields, one or more Executives that have the most appropriate caliber for that particular mandate, and get their agreement to the targets that have been set.

   • The selected Interim Manager(s) are then presented to the CLient for final approval.

9. How does InterimExecutives SA monitor progress and delivery?

   • InterimExecutives SA will closely follow every step of the project and ensure intermediary and final targets are met

   • Regular progress reports with the Interim Manager and the Client will take place as appropriate.

10. What if the Client wants to hire the Interim Manager permanently?

    • Upon completion of a mandate both the Client and the Interim Manager may agree to pursue their efficient collaboration on a more permanent basis.

    • When this happens within the first year following the completion of a project, InterimExecutives SA would charge the Client a retainer fee comparable to fees charged by Executive Search firms for such a position.

    • The advantage to the Client is that he would end up hiring an Executive after "testing" him effectively, therefore minimising any risk of getting the wrong person on board.