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We have included a list of commonly asked questions about interim
management, perhaps the one you are interested in is listed here. If
not, then please contact us on 01296 720281 for further clarification.
What is Interim Management?
Interim management can best be described as an experienced sensibly
over-qualified manager fulfilling a short term assignment within a
company in order to achieve a set of pre-defined objectives.
Why do companies use Interim Managers?
Interim Managers were historically known as 'trouble-shooters' or
'company doctors' brought in to turn around an ailing company. Whilst
this is still the case in certain circumstances, companies of all sizes
are now attaining benefits from using interim managers for a number of
strategic reasons including:-
- Managing a 'change' e.g. factory move, business recovery and re-engineering
- As a facilitator helping the business through a period in which the management team have little or no experience
- To manage the transition to an out-sourcing policy
- As a gap manager covering for illness, maternity or time to recruit a replacement following a staff members departure
- As a project manager when the clients permanent resource is simply unable to cope with workload or time constraints
- As a supplement to fast growth whilst an infrastructure is built to manage the ongoing workload
What are the benefits of using an Aster Interim Manager?
Finding the right interim manager is as important as the objectives of
the interim assignment itself. In order to help you reach your decision
about which interim management provider to engage, our interim managers
all operate through their own limited companies, all have appropriate
insurances in place and have all made the conscious decision to become
career interim managers. In addition, all our interim managers are
qualified by Aster personnel in advance of each assignment.
We try where possible to present a shortlist of 2-3 suitable candidates
for each assignment to each client. All included in the shortlist will
be sensibly over qualified for the assignment ensuring they can ‘make a
difference’ for you from day one.
Do I have to pay a recruitment fee for your Interim Services?
No, we charge an agreed daily rate for the work carried out.
How much does it cost?
Each assignment is different; therefore Aster Interim Solutions will
negotiate a daily rate for each assignment. This will depend upon the
experience of the interim and the complexity of the assignment. Typical
rates range from £500-£1,000/day depending upon the nature of the
assignment.
How long does each assignment last?
An assignment is always linked to an agreed set of objectives and as
such it is clear when an assignment has been completed. On average this
can be between 3 to 12 months but can last longer as the terms of
reference change.
What is the difference between an Interim Manager and a Consultant?
An interim manager is involved in the day to day running of the
business, making decisions, effecting change, managing staff etc,
whilst a consultant will get involved in planning and advising the
client’s management team.
How does an Aster Interim operate contractually?
A service agreement needs to be drawn up for each assignment. This will
specify the role the interim is required to perform, the objectives,
daily rates, review mechanisms etc. This is not as onerous as it sounds
and draft agreements can be forwarded to you within 24 hours of
reaching verbal agreement.
Can you see references from previous clients?
At Aster Interim Solutions we believe our best sales staff are our
satisfied customers. Provided our clients are happy to do so, we are
more than willing to put you in touch with companies who have benefited
from our services in the past.
What types of companies use Interim Managers?
There is growing evidence that companies of all sizes have benefited
from the use of Interim Managers, from start ups, through to SMEs and
large multi-national companies.
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