{"id":14976,"date":"2021-05-24T18:02:44","date_gmt":"2021-05-24T18:02:44","guid":{"rendered":"https:\/\/www.eim.com\/cee\/?page_id=14976"},"modified":"2024-03-15T12:26:30","modified_gmt":"2024-03-15T12:26:30","slug":"interim-management-questions","status":"publish","type":"page","link":"https:\/\/www.eim.com\/cee\/interim-management-questions\/","title":{"rendered":"Executive Interim Management Q&A"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Hero Section” _builder_version=”4.16″ use_background_color_gradient=”on” background_color_gradient_stops=”rgba(0,0,0,0.4) 0%|rgba(0,0,0,0.4) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(0,0,0,0.4)” background_color_gradient_end=”rgba(0,0,0,0.4)” background_image=”https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2021\/05\/zach-lucero-qAriosuB-lY-unsplash-scaled.jpg” height=”550px” custom_padding=”6%||0%|||” bottom_divider_style=”slant” bottom_divider_color=”#002c3e” bottom_divider_height=”150px” bottom_divider_flip=”horizontal” locked=”off” global_colors_info=”{}” background_color_gradient_direction__hover=”180deg” background_color_gradient_direction__hover_enabled=”180deg” background_color_gradient_start_position__hover=”0%” background_color_gradient_start_position__hover_enabled=”0%” background_color_gradient_end_position__hover=”100%” background_color_gradient_end_position__hover_enabled=”100%” background_color_gradient_stops__hover=”rgba(0,0,0,0.4) 0%|rgba(0,0,0,0.4) 100%”][et_pb_row disabled_on=”off|off|off” admin_label=”Page Title Area” _builder_version=”4.16″ width=”100%” max_width=”2560px” module_alignment=”center” custom_margin=”-2%|auto|0px|auto|false|false” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Hero Section Title” _builder_version=”4.16″ text_font=”Montserrat|800|||||||” text_font_size=”18px” text_line_height=”1.3em” header_font=”Montserrat|700|||||||” header_font_size=”56px” header_letter_spacing=”3px” header_line_height=”1.1em” header_2_font=”Montserrat|700|||||||” header_2_text_color=”rgba(255,255,255,0.6)” header_2_font_size=”90px” header_2_letter_spacing=”3px” header_2_line_height=”1.1em” text_orientation=”center” background_layout=”dark” max_width=”700px” module_alignment=”center” custom_margin=”0px||0px||false|false” animation_style=”fade” animation_direction=”bottom” animation_duration=”1350ms” header_font_size_tablet=”” header_font_size_phone=”28px” header_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”50px” header_2_font_size_last_edited=”on|phone” text_text_shadow_style=”preset1″ text_text_shadow_horizontal_length=”0.28em” inline_fonts=”Prata,Montserrat” global_colors_info=”{}”]<\/p>\n

Executive Interim Management
TOP 100 FAQ<\/span><\/h1>\n

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[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#ffffff” text_font_size=”16px” text_orientation=”center” global_colors_info=”{}”][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#002c3e” custom_margin=”||-0.1%||false|false” custom_padding=”0%||0%||true|false” bottom_divider_style=”slant” bottom_divider_color=”#ffffff” bottom_divider_height=”60px” locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Title Area” _builder_version=”4.16″ background_color=”rgba(0,0,0,0)” width=”90%” module_alignment=”center” custom_margin=”||||false|false” custom_padding=”0px|0px|10%|0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#ffffff” text_font_size=”16px” custom_padding=”5%||5%||false|false” hover_transition_duration=”350ms” hover_transition_delay=”50ms” global_colors_info=”{}”]<\/p>\n

Since the “inception” of EIM Executive Interim Management CEE, I was lucky to talk to more than 1,000 CEOs in Poland, Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Slovenia, Croatia, Baltic Countries and Russia.<\/p>\n

On this page, I am happy to share with you a summary of the most asked questions, explanations, but also misconceptions and of course some of my “wow” moments.<\/p>\n

This page is an on-going project, updated regularly. If you have a specific question or a topic, please get in touch with me directly.<\/a><\/p>\n

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[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_toggle title=”What is Executive Interim Management” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

\u00a0Executive Interim Management is the provision of an effective business solution by an independent senior manager over a temporary period of time. It could cover the crisis, business development, transition, project management, or a critical situation.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Who is an Executive Interim Manager” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

An Executive Interim Manager is a senior well-qualified manager, with previous C-Level experience, available at a short notice.<\/p>\n

As businesses in their own right, they offer independent expertise, free of company politics, and take responsibility for delivering results, not just offering advice.<\/span><\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”What is the typical duration of an interim project” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

The duration of interim management projects is very individual. It can vary between 3-6 months in critical situations (unexpected vacancy) up to 18-24 months in complex transformation projects<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”What is the contractual relationship in an interim project” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

An interim manager is an independent external manager. He does not become either the client’s employee or an employee of EIM. Your contractual partner is the respective EIM office worldwide.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”How does the process of engaging an interim manager look like” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

As the first steps, we understand your business context, business concept and listen to the challenges you face.\u00a0<\/p>\n

Secondly, together with you, we design the expected result of the interim mission.\u00a0<\/p>\n

We usually present a suitable interim manager within 48 hours, who is ready to start within days.<\/p>\n

More about our process can be found at\u00a0https:\/\/www.eim.com\/cee\/how-we-add-value\/<\/a><\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”What is the difference in speed to Executive Search” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

A typical executive search process in the CEE region usually takes 3-6 months, followed by a termination period of the manager, usually additional 3-6 months.<\/p>\n

Usually, you receive a long list and wait for weeks to check their interest and availability.\u00a0<\/p>\n

In 98% of our projects, we have presented 3-4 suitable interim managers within 48 hours, and they are ready to start immediately. Worldwide.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”What is the difference in approach to Executive Search” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

An executive search company needs a manager profile to start the search either within their database or via available social channels to identify managers compliant with the profile. Then the CVs are “sold” to you as a service.<\/p>\n

Each EIM partner is a former C-Level manager with international experience. We understand your business challenge, agree on expectations of the mission, and then select the right manager from our Nurtured Knowledge Community, with whom we lead your company through the changes. EIMPartners remain active during the whole interim project, facilitating communication and offering support.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”What is the difference in approach to Consulting company” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

Consultants, in general, offer specialized advice or recommendation on a certain topic.<\/p>\n

An interim manager has a broad practical experience and also takes an active part in the implementation of the changes. Interim managers have a hands-on and a roll-up-your-sleeves approach.<\/p>\n

Consultants are also very qualified, but usually more junior people. Interim managers bring at least 20 years of practical experience.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Every head-hunter claims to have the best candidates” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

Yes, and it’s true. They might have the same candidates, as they are fishing in the same pond.\u00a0<\/p>\n

Interim managers are not looking for a job. They would never share their CV with a head-hunter.<\/p>\n

Head-hunters do not have an approach and a relationship\u00a0<\/strong>with\u00a0interim managers. They might have a list of permanent managers looking for a job.<\/p>\n

At EIM, we are not headhunters. Our Nurtured Knowledge Community has been built over the past 30 years and consists of proven managers we personally worked with in one of our 10,000 missions.\u00a0<\/span><\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Can an interim manager stay as a permanent employee” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

Yes.<\/p>\n

Although a true interim manager would never accept permanent employment again, there is a certain percentage of interim managers, that are open to remaining as permanent employees after the interim mission.\u00a0<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”How are interim managers paid” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

Each interim manager has his own “price” – his daily rate. Based on the actual days worked the monthly costs are invoiced (number of days worked x daily rate)<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”How much does an interim manager cost” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

First of all, an interim manager is not a cost, it is an investment will a quick ROIM Return on Interim Manager and lasting positive results.\u00a0<\/p>\n

The daily rate of an interim manager depends on many factors, mainly qualification of the interim manager, his\/her seniority, duration of the engagement and many other factors.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Do I have to pay for overtime hours extra?” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

There are no overtime hours.<\/p>\n

The interim manager is either a consultant charging on an hourly basis or an employee with a labor contract. It is a delivery of a business solution, not a delivery of consulting service or working hours.<\/p>\n

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[\/et_pb_toggle][et_pb_toggle title=”Do I have to pay holidays to interim manager” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

An interim manager is paid only on the actual days worked on a project. There are no holidays during a project.<\/p>\n

When an interim manager is on a project but needs to take “a day off”, it is not invoiced.<\/p>\n

Interim managers enjoy holidays in between projects.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”How can I find interim managers” open_toggle_text_color=”#002c3e” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#002c3e” global_colors_info=”{}”]<\/p>\n

In general, there are the following options:<\/p>\n