Are you experiencing a vacancy in a key management position...

...hiring an interim executive may be your most cost-effective solution.

Why Transitional Management Makes Sense

Six reasons why hiring an interim Executive makes sense:

1. Hiring an interim Executive costs less than a full-time employee - Consider all the cost with an employee, bonuses, orientation, health insurance, 401K match, recruiting costs, relocation costs, social security, perks, severance, and outplacement costs.  You won't incur any of these with an interim Executive.
2. Recruiting Costs - You often pay 25% to 30% of the executives first year salary to recruit them and yet turnover is still quite likely.  Recruiting costs are avoided with an interim Executive.
3. Saves Opportunity Costs - Because an interim executive can fill a position immediately, you can move ahead with important cost-savings or revenue initiatives.
4. Productivity Costs - When you hire a full-time employee you pay full-time.  With an interim Executive, you pay for the time that you use.  Rather than paying 5 days per week, you may be able to accomplish the same thing paying only 3 days per week.
5. Saves Upfront Training Costs - Interim Executives can focus on the task they were hired to perform rather than spend much of their first 90 to 120 days figuring out how to fit within their new organization.
6. Saves Potential Severance Costs - Many executive positions turn over as frequently as every 3 years, sometimes sooner.  In today's climate, you may need to make management changes you would prefer not to.  Severance and outplacement can cost as much as 50% to 100% of an Executive salary.

Often times companies benefit from a fresh perspective.  An interim Executive can take this fresh look at your organization and quickly diagnose problems, and implement solutions based multiple successful experiences.  Gaining this sort of entrepreneurial experience may not be possible or affordable as a permanent solution, but you may be able to accomplish the same thing with an interim Executive, at much less cost.

Why Visible Progress?

At Visible Progress we are committed to providing cost-effective solutions to our clients.  With our proven leadership and management experience we help our clients achieve more than they thought possible.  We help you fill the current leadership and management gaps while also developing the bench strength of your existing team through effective partnering with your employees.