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"I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well."

Alan Greenspan

Why would a seasoned executive want to take on an "interim" position?

Ashton Tweed recently talked with Rick Lemak, a seasoned executive in Business Development. Rick was formerly with Air Products and Chemicals, Inc., where he led a global cross-functional team that increased Asian sales by 17% from existing and new applications. Rick has been doing interim assignments for several years.

According to Rick, it started out as a a way to keep his options open! But now he says, "It's refreshing! My background is a mix of technical AND commercial capabilities. Interim assignments give me an opportunity to get involved in many different kinds of work."

Interim assignments for Rick have included developing customer service offerings, a distributor sales channel strategy, short term technical projects, and helping companies through the transition of acquisitioning and restructuring. These are just a few of the types of positions open on an interim basis.

It does takes a certain kind of personality to survive and be effective as an interim executive. "An Interim Exec," says Rick, "can have more influence than a consultant, but has to work harder than internal person." Rick lists what he calls the "4 Skills for Success as an Interim Exec."

  1. Relationship skills. You'll need to be able to build working relationship with new people fast.
  2. Capability and knowledge that the company requires.
  3. The ability to "read" a situation -- the dynamics and culture of a company, the relationships between the people, and the politics.
  4. The ability to sell your capabilities and your ideas.

The downside of working as an interim executive includes having the responsibility for your own benefits, the insecurity of a "permanent" position, and the need for flexibility in meeting shifting assignments. Ashton Tweed is developing its Associates Program to help executives working in interim positions deal with these issues.

Rick's contact information is available on the Associates Program page under profiles.

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ARTICLES ON INTERIM EXECUTIVE HIRING

Independent Workers Are Changing the Employer/Employee Relationship

G.A. "Andy" Marken President, Marken Communications Inc


How Independent Type A's Thrive as Executive Temps

By Barbara Mende


Interim Executive Hiring is a trend that is here to stay.

Well established in the European business community, it is making inroads in the U.S. market. The U.S. Bureau of Labor Statistics said interim executives and managers accounted for 11 percent of the temporary work force last year (2003), vs. 7 percent in 1998.

One of the factors driving the increase in interim executive hiring is the number of retiring baby boomers. As baby boomers retire the need for experienced leadership intensifies among companies nationwide. Interim executive consultants offer businesses the opportunity to temporarily fill leadership gaps and meet important business objectives without investing in an expensive talent search.

According to Bureau of Labor Statistics and Staffing Industry Analysts the market for Interim Executive Hiring breaks down as follows:

Market Size: $750 million
Typical Occupations: CFO
CEO
Top Marketing or Business
Development Executive
Business Drivers: Going public
Turnarounds / bankruptcy
Preparing for sale
VC funding
Pay Rates: $100-$175/hour
Bill Rates: $150-$530/hour
Typical assignment length: 3-9 months, average 6 months
Candidate Driver: nearing retirement,
looking for a new challenge,
desiring short-term work

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Interim employment offers four strategic advantages to the corporation:

Speed
Companies can now apply “just-in-time talent” to any problem or to fill a sudden gap.

Quality
Interim makes it possible to hire the best.

Focus and Perspective
Companies can find precisely the skills needed for a project or corporate transition.

Cost
Interim turns talent into a variable cost.

Executive Recruiting is heating up!

After several years of drought, the market for executive recruitment is coming alive. Steady economic growth is contributing to both increased hiring and employee mobility.

According to a recent article on the Wall Street Journal, Execuitve CareerSite: Turnover should continue to grow in the coming six months, with nearly two-thirds of recruiters surveyed by ExecuNet saying they're confident or very confident the executive employment market will improve during this period, up from 56% in September.

Click here for full article

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Top industries for hiring:

1. High Tech
2. Medical
3. Pharmaceutical
4. Business Services
5. Financial Services.

The key positions that are in demand are:

1. Sales
2. Business Development
3. General Management
4. Marketing