Interim Leaders Are Experienced Professionals Ready to Get the Job Done
According to the American Management Association, only 14% of businesses consider themselves "well prepared" to handle a sudden loss in senior management. Furthermore, it takes an average of four months to fill an executive role, during which manufacturers can lose thousands of dollars per unfilled position. This has contributed to the burgeoning market for interim talent.
For many manufacturers, interim talent is an effective solution to bridge leadership gaps and maintain business momentum while searching for a permanent replacement. However, the question remains: who exactly will be steering your business?
Here’s what you need to know about the interim leadership talent pool and how an interim leader engagement could benefit your company:
Interim leaders bring decades of expertise to the table. Over half of interim talent is deployed in top-tier roles such as C-suite, general manager, or VP positions, as noted by Senior Management Worldwide. The average age of these interim professionals is 53, bringing veteran experience and often specialized skills tailored to the unique challenges faced by your company. Partnering with a specialist like Value Driven Solutions ensures access to interim leaders who are not only technically proficient but also a cultural fit, guaranteeing you get the expertise your operations need.
They offer project-specific expertise. According to global market research and consulting firm Ipsos, 35% of interim assignments in 2012 were for special projects. Interim leaders excel in roles such as plant management, spearheading specific improvement initiatives, or leading lean transformations. They provide highly specialized expertise for a defined period, allowing you to leverage critical skills without the commitment of a long-term hire.
Interim leaders are ready when you are. A major advantage of interim leadership is the ability to quickly fill gaps. Value Driven Solutions can place an experienced and capable leader within two weeks of your request. Our network of vetted, ready-to-deploy operational experts ensures that your business minimizes downtime, preserving momentum even when critical positions are temporarily vacant.
The average length of an interim assignment is 175 billable days. Most interim leaders are engaged for 200 days or fewer annually. Assignments typically range from 30 to 180 days, with about a third lasting between 60 and 120 days.
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Interim leaders won’t add to your administrative burden. Working with Value Driven Solutions means all administrative tasks related to your temporary hire are handled by us. This arrangement allows you to focus on leveraging the leader's expertise without the hassle of paperwork. We also conduct periodic reviews to ensure your satisfaction throughout the placement.
Some interim leaders are interested in long-term placement. Interim assignments can also serve as extended working interviews, providing a unique opportunity to evaluate candidates in real work settings within your company’s environment. If you're open to potentially transitioning an interim leader into a permanent role, let us know in advance.
Consider Interim Talent for Your Operational Staffing Needs Value Driven Solutions maintains a robust talent pool of pre-identified, fully-vetted contingent labor resources. Explore our latest infographic, "Interim Talent: Your Solution to Operational Leadership Gaps," to learn more about why the interim leadership trend is gaining traction in the manufacturing sector and how it can be a strategic advantage for your business.
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