Oct 15, 2006
As baby boomers prepare to enter retirement, many aren’t ready to follow the same path as their predecessors. This generation of eligible retirees is well educated, vibrant and as life expectancy continues to rise, many are not prepared to spend this fruitful time of their life idly in the typical retirement fashion.
Defying tradition, this generation is more likely to pursue post-retirement jobs that utilize their experience, enact a positive change, but allow part-time hours, flexibility and bring in a paycheck. When retirees volunteer, they often feel that their skills are not fully utilized. However, with a paycheck they believe their work will be valued by their employers and their skills less likely to be squandered.
In Europe over the past 10 to 15 years, interim management has emerged to become an industry in its own right. While this concept and service is relatively new in America, the demand for interim professionals in key roles has evolved extensively. During the past two years, Ashton Tweed has been utilizing seasoned professionals that are either early retirement eligible or in transition. We have developed our capacity to serve the strategic and immediate needs of clients, with a particular emphasis in the life sciences, using Interim Senior Executives. These executives have a wide range of skill sets to include scientific, business, finance, human resources, etc. We can also place interim board/director level people.
The range and strength of our candidates that make up the exclusive Ashton Tweed Executive Talent Bank, enables us to place highly skilled professionals in any phase of a company’s business cycle.
Interim executives can be invaluable in times of:
- Start-up/Growth:
New Ventures
Product Development
Rapid Expansion
Acquisition
- Consolidation:
Integrations
Introduction of Best Practice
Management of Subsidiaries
- Change/Turnaround:
Transition
Divestures
Restructuring
Crisis
In conclusion, interim management can be a cost effective service that helps businesses through a period where there is a need for a particular expertise for a limited amount of time. Interim management has advantages over consultancy assignments in that these interim executives are fully devoted to the task at hand and are willing to accept accountability along with responsibility. The selection of interim professionals usually follows a similar process to executive recruitment ... define position specifications, identify qualified candidates from the Executive Talent Bank, confirm availability, conduct interviews with client and candidate selection. However, unlike executive recruitment, this process can be very quick, often just a matter of days.
Email to friend
