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An Interim Manager is only hired for a fixed period of time and is used, for example, for time-limited projects, for internal restructuring or in the event of sudden absences of executives within the company. 

An Interim Manager is temporarily part of the company for a fixed period of time – usually a few months. Usually they can produce excellent references for executive positions, as well as expertise in the relevant area and professional experience in the sector. 

Interim Managers occupy leading positions and are hired for a number of reasons, for example, to cover unexpected absences. Interim Management can also be necessary in case of restructuring, entrepreneurial changes or for certain projects. Additionally, this type of support might also be necessary in case of unfortunate events such as reorganisation or even closures. 

Essentially, Interim Management maintains or increases the company’s scope of action. Staff shortages can be covered temporarily and projects can be realised. The company benefits from the Interim Manager’s expertise and know-how, which is particularly helpful in the case of restructuring and reorganisation. In order to fully utilise this potential, clear, realistic and specific objectives and definition of the area of responsibility are necessary. 

The responsibilities of Interim Management are diverse. Since an interim manager is usually brought into a company during challenging times, solution-oriented and goal-oriented decision-making is paramount. Bringing an external manager on board also offers the advantage of having an objective view of what is happening in the company. Any deficiencies can thus be identified and remedied.