Written by: Flexing It
23/10/2024
5 minutes read
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Is your organisation prepared for what's next?
Nearly 70% of HR professionals don't think so. According to Korn Ferry, most organisations lack the right leadership to tackle the changes and uncertainties the market demands. As economic uncertainty collides with industry disruptions, the need for agile, visionary leadership has never been more critical. However, finding these leaders has become much harder - a recent Economic Times article talked about a 9-12 month search process for CEOs and CXOs!
Since 2022, there's been a staggering 170% surge in demand for on-demand leadership roles across critical functions like finance, HR, and technology. And they are adding value, with 85% of companies that turned to interim leaders report faster project execution and enhanced organisational agility.
The message is clear: there is a need to bring agility into leadership hiring strategies, to best serve an organisation’s interest.
When Interim Leaders Offer the Most Effective Solution
From onboarding leaders to manage periods of transition to providing cover during an extended absence/sudden departure of key professionals, there are several strategic reasons for organisations to leverage interim leaders and we describe a few below.
Speed and Agility: Responding to Change
Today's business world is unpredictable. According to PwC, 72% of leaders admit they can't adjust their workforce fast enough to meet shifting market demands. Interim leaders bring in the flexibility you need, hitting the ground running and permitting organisations to deliver while permanent solutions are found.
Navigating Transitions with Confidence
In times of mergers, acquisitions, or internal restructuring, Interim talent with 15 to 30+ years of leadership experience can provide the clarity needed during uncertain times. They offer a steady hand, guiding your business toward long-term growth while managing ambiguity. This enables you to concentrate on your strategic goals without jeopardising operational efficiency. In such situations interim talent offers access to high quality leadership at a time professionals might be wary of joining an organisation full time.
Access to Specialised Skills: Keeping up the growth momentum
Interim leaders often offer deep, specialised expertise that can be tough to find in traditional hiring markets. When critical projects can't wait for a lengthy recruitment process, interim leaders step in to drive key growth initiatives and ensure effective operational delivery. In short, they ensure your business keeps momentum.
Cost Efficiency: Expertise Without Long-Term Commitment
- One poor C-suite hire can result in an annual loss of $126,000, driven by turnover, low productivity, and staff discord.
- Opting for interim leadership avoids the long-term financial commitments till the organisation is ready and is sure they have the right fit.
- Moreover, interim leaders bring unique perspectives and seasoned insights that may be absent from your internal team.
How Flexing It Can Help
At Flexing It, we give you access to a deep and vetted network of 14000+ interim leaders across industries. Whether you need strategic leadership for a short-term project or an executive to guide you through an organisational change, our platform connects you with the expertise you need to thrive.
Here's how we support your success:
- Top-tier talent: Our pre-vetted pool of senior leaders ensures you get the right fit for your specific business challenges.
- End-to-end project management: From the moment you bring in an interim leader, we assist in overseeing project success.
- Streamlined hiring and onboarding: We handle all the contracting, compliance, and administrative details, so you can focus on getting results.
When leadership gaps emerge, Flexing It has stepped in to place Interim executives in key positions such as CTO, CXO, CFO, Chief Of Staff and more. These strategic placements have led organisations through critical transitions.
Explore other roles we’ve filled on our website.
Ready to take the next step?
Engage with our 14,000+ Interim Experts with diverse experience. Reach out today to learn how we can match your organisation with the best talent to guide your business through its next challenge.
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