Cost
An obvious benefit is the avoidance of increased overhead - for senior staff, including all costs, this can be very significant. Taken on a pro-rata basis, interim daily rates appear greater than the cost of permanent management. However, when all relevant costs, including pension provision, stock options, bonuses, expenses are taken into account, the real cost is usually less.
Flexibility
Unlike permanent management, interims can be terminated at very short notice, with no risk to you. With an interim, issues such as termination bonuses or severance packages do not arise. This brings great flexibility to react should your situation or needs change.
Other Benefits
- Rapid availability of technical knowledge
- Normally we can source a suitable person within 10 days.
- Whatever situation your business is facing, there is someone who has been there before - and sometimes a specific skill-set is only needed for a limited period.
- Bringing a fresh view
- All organisations and management suffer from introspection. An interim can bring a freshness of approach that can really bring benefits to your organisation.
- Impartiality, no agendas, no politics
- Interim managers are there to manage - they don't come with any hidden agendas or organisational politics. Their approach is based on best professional managerial practice, delivered in an impartial way.
- Free existing staff and managers to concentrate on current manufacturing & trading issues while the interim person can work on new developments in technologies, quality & regulatory issues and assist in new business development issues.
PharmaExecutives Tel: +353 (0)1 2800430 E info@pharmaexecutives.com
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