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The Real Value of Interim

almost 6 years ago by Christian Pampellonne
Interim

The Consultancy Group are excited by the busy market conditions and as we have recently pointed out, the shortage of specialist talent available, can mean a permanent hire taking longer than usual.  Taking on an Interim, during a time like this, can offer your business some breathing space.

Interims can bring many advantages to the organisation they work in.  They are experienced, Independent and offer a fresh approach to deliver results in what sometimes can be very challenging circumstances.

Many decision makers within the Finance Community are often charged with completing a particular project or reporting period, sometimes and more often than not, at short-notice. This may involve the upgrade of a reporting package or a complete overhaul of their finance systems. They may need extra resource to substitute for an unforeseen long-term sick leave or a maternity cover or simply to ease the pressure of a half or year end. Either way the hiring of an experienced finance or project interim professional who has the breadth of experience and expansive skill set can prove invaluable for a fixed time period, without having to take on-board the cost and commitment of a permanent hire.

A question we are often faced with is; Are they more expensive than a Fixed Term contractor on our payroll?  Absolutely not.   Prospective employers’ must remember all the costs incurred when pay rolling an employee – Employers NI, Holiday pay, Pension, Sick pay, Healthcare and any other benefits offered to Permanent employees.  These can often total tens of thousands of pounds. 

The advantage at the top of the list, for any employer, will always be cost.  Interims are a variable cost, not a fixed overhead. They offer flexibility in terms of their availability, working hours, work location and role. The short-term nature of their contract also offers room for change when necessary.

Should you wish to discuss any of blogs covered by The Consultancy Group, please get in touch for an initial informal conversation – www.consultancygroup.com

It would be great to hear some of your thoughts!