INTERIM MANAGEMENT

Interim management started in the Netherlands in the 1970's. It was developed to protect the interest of the permanent employees. They would be given long notices before job termination or the employer would incur huge costs.

Situations that require interim management are; Crisis management, illness, death, sudden departure, changes in leadership, sabbaticals, mergers and acquisitions and project management.

Phases of Interim Management

Selection and confirmation of interim manager.

This entails identification of the manager and making sure that he is able to work towards the company’s goals and is aware of the team he will be working with.

Job Preparation

This involves holding meetings to gather information on the current businesses, business rules and on the market as well. This makes it easy for the interim manager to transition.

Job implementation

At this stage, the manager sets up a management committee, identifies colleagues to work with closely and sets up rules that will be adhered to during his tenure.

Comprehensive study and analysis of the company

 The transition manager observes and analyzes the company to come up with ways of achieving his targeted goals in the shortest time possible.

Layout of the action plan.

The manager together with his team and experts discuss ideas on how to carry out the project. This creates ownership among the parties involved.

Execution of the plan

The team implements the plan and documents the progress towards achieving the objective.

Transfer of power

Takes place after the transition manager achieves the intended objectives. He transfers the knowledge to the succeeding management.