7 Advantages of Hiring Interim Managers for Charities
Interim managers are not just for the private sector. They can highly beneficial for charities and not-for-profits too. Here are seven reasons why.
1. They can hit the ground running
A good interim manager can assess the needs of an organisation fast, whether they come from the third sector or a more commercial background. Interim managers are, by nature, fast-moving, adaptable, and quick to learn. Extensive training isn’t necessary; your chosen interim should be able to get to the core of the issue shortly after walking through the door.
2. They have extensive experience
Most interims have been in numerous senior management roles, both permanent and interim. This experience means they have a great pool of knowledge to dig into, allowing them to deploy the best possible strategies to meet your goals. If you hire an interim who specialises in not-for-profit, their deep understanding of the industry will be indispensable. Alternatively, an interim from outside your sector can bring valuable insights and new ideas.
3. They will deliver
Interim managers are focused on implementation, not just giving advice. While they can run an initial assessment and make suggestions, they are also hands-on. You can work with them throughout the process, so ongoing consultation and delivery are carried out in parallel.
4. Commercial focus
Interims tend to be commercially-minded, even if they have worked primarily for charities. As they often work to help organisations through change, transformation and operational improvement, they understand what works in the marketplace. Interims can help charities think differently about essential areas such as stakeholder management and fundraising engagement. After all, even not-for-profit organisations need to stand out against competitors to be successful.
5. Cost effective, short term
Charities tend to operate a tight budget, so naturally any investment made in personnel is considered very carefully. A great advantage of hiring an interim manager is that they can be taken on for just as long as you need them. It could 3 months, 6 months or a few weeks. It is an ideal solution when you need extra resource to perform a certain task, but don’t want (or need) to commit to a permanent hire.
6. Part time
Taking this even further, many charities who invest in interim management do so on a part-time basis. Interims are often brought in on as advisers to give the benefit of their experience. Some only need to do this two or three days a week.
If you work for a not-for-profit, chances are you have passion for the cause of your organisation. This is at the heart of what makes charities successful. That said, an outside perspective can be useful if improvements are needed. An interim who is not quite as close to the work as your current team can offer objective, practical advice.