Interim management is a new-age solution to help you meet talent needs in todays dynamic business environments.
The business environment today is highly uncertain. Sudden exits at middle and senior management, unpredicted ramp-ups to meet growth, and special skill requirements for a temporary period are raging realities. The talent acquisition strategy must mould itself to meet these undulating needs, at the same time meeting budget constraints. How do today’s organizations walk the fine line between exigent demands and cost-effective hiring?
IM: A Global Perspective
In concept, Interim Management emerged in Europe in the 1970s and 80s as a solution for the prevalent high termination payouts. The oil crises that followed spurred the need for highly specialized talent on short availability, fuelling the need for interim manager. Since then interim management has grown to be a popular concept in the US, Europe and South East Asia. Today it is a preferred option for injecting skilled talent for short-term requirements in the developed markets.